Ethereum has closed with a negative line for three consecutive days, causing many friends to question whether the bulls can continue. Today's article is here to give you a shot in the arm. First of all, in the daily chart, the moving average level is hardly affected by short-term bears, and the value and trend are basically biased towards the bull market. In conjunction with the Bollinger Bands, the price of the currency is still running between the middle and upper tracks. The upper track has a slight downward turn, and the middle and lower tracks are still biased towards upward breakthroughs, which means that it wants to close. Judging from the trend of the moving average, the buyer's willingness is still stronger than the seller. The only drawback is the amount of funds. In the past two days, whether it is shipping or inflow of funds, the overall trading sentiment is not strong, and the trading volume is also far lower than the previous data. There are too many markets for everyone to invest, which has indeed caused a certain diversion phenomenon. The overall callback of Ethereum has stopped at only 2572. At this stage, the bulls are counterattacking. Today's closing situation may affect the trend in the later period.

Among other data, the trends and values ​​of KDJ, RSI and MACD are very normal, and there are no signs of oversold or overbought. This situation is a typical sign of sideways trading. You can rest assured that there will not be a deep correction for the time being. As the old saying goes, as long as there is no news, it is a bullish trend. Speaking directly back to the financial level, everyone should be clear that it is not just the United States that is cutting interest rates, but all countries are implementing monetary easing policies. Under such resolute implementation conditions, it is bound to cause a large amount of currency circulation in the overall financial market. And learning from history, the last round of monetary easing policies just corresponds to the bull market stage of the entire currency circle. The period from 2011 to 2021 is the period of rapid growth of Bitcoin. In addition to specific instructions, Bitcoin is now listed and has the ability of traditional capital to intervene and support the bottom. It can be said that these two currencies must consider the power of traditional capital if they want to have a big decline in the future. For ordinary investors like us, listing will reduce a lot of risks. You can refer to the trend chart before listing. Bitcoin and Ethereum, the two representatives, will experience a big drop almost every two months, and the most frequent black swan is once a month.