Ethereum is currently priced at 2531, and the weekly line has closed. A small positive line appeared last week. This week's market is expected to break the previous high, but there will be a wave of bottoming before breaking. Although it will not break the previous low of 2320, the neckline of 2430 cannot be used as a support point, so you can try to go short before the previous high is broken. You must bring a stop loss point. After the break, you must change your mindset. Be prepared with one heart and two hands.
Look at the market. At present, the daily K-line has been blocked by the EMA30 trend line pressure level of 2475. Yesterday and the day before yesterday, EMA30 was broken. It is expected to hit the EMA30 pressure level again. MACD has ended its shrinking and increasing volume and started to increase volume. DIF and DEA formed a golden cross below the 0 axis. The Bollinger Bands' downward middle rail pressure level has reached 2485, and the upper rail pressure level is 2700. The KDJ's upward diffusion trend remains unchanged. The key is whether the middle rail 2485 pressure level can become a support point, otherwise it will be difficult for the bulls to effectively counterattack in the short term.
The 4-hour K-line is near the EMA120 trend line. It can be seen that the overall trend indicator EMA shows a closing trend, which is bullish. MACD increases in volume, DIF and DEA spread upward, and KDJ also forms a golden cross. The Bollinger Band middle support point focuses on 2445, the lower rail support focuses on 2395, and the upper rail pressure level reaches 2550. From the overall trend, the momentum of today's impact on the upper 2550 mark is still there. As for whether it can completely open the bulls, it will take time. For the time being, we can wait until the bottom is explored before deciding.
