Ethereum market analysis and trading strategy are as follows:
Price status: Current price is around 3990, at 9:45 Beijing time, yesterday's long position at 4000 has realized profits of over 350 points, new entry point after the US market opens at the round figure of 3900.
Daily K-line: The highest broke 4100, creating a new high for the year, the lowest at 3883, bullish trend initiated, EMA15 trend fast line at 3825, EMA30 broke 3630 and is stretching, MACD top divergence is shrinking and moving upwards, DIF and DEA stabilized above 4100 at 8 AM with a high probability golden cross, Bollinger Bands expanding upwards, upper band pressure at 4100, support at the middle band during the pullback at 3800.
Four-hour K-line: Pressuring the rising trend line resistance level at 4100, MACD shows a volume golden cross expansion, DIF and DEA golden cross expansion, bullish remains unchanged, Bollinger Bands opening upwards, K-line broke the upper band at 3910, EMA30 is the trend support point for long positions, waiting for opportunities if not entered, avoid chasing highs and cutting losses.
Short-term reference: Short above 4150 to 4200, with a stop at 4250, stop loss 50 points, target 4100 to 4050, if broken look at 4000; Long below 3900 to 3950, with a stop at 3870, stop loss 50 points, target 4100 to 4150, if broken look at 4300, emphasizing safety first, small losses for big gains.
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