6.19 Ethereum midday market analysis and operation ideas

During the early morning of today, the Ethereum price began to rebound at 3385, and the weekly support was successfully maintained. The short-selling force in the early morning did not effectively break through the bottom, so the operation ideas for today's midday and evening are mainly based on retracement and long-selling. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are in a state of shrinking shorts. Although the BOLL technical indicator is still shrinking downward, the decline continues to weaken. At the same time, the MA5-day moving average and the MA10-day moving average continue to oscillate in the middle track area, so it is very important whether the short-term rebound strength can break through the upper pressure level of 3600-3657.

From the 4-hour technical indicators, the three lines of the KDJ technical indicator are glued together and turned upward again, while the MACD technical indicator is in the stage of amplitude upward. The ultra-short-term BOLL technical indicator rebounded to the middle track area again, but the MA moving averages are still falling. However, the ultra-short-term coin price has successfully stood above the MA5-day moving average and the MA10-day moving average. Judging from experience, it should be a rapid rebound caused by large investors supporting large purchases at low points. Therefore, the coin price did not break the lower support during the early hours of today. Then we will take advantage of the trend to go long on retracement. If the coin price successfully stands above 3657 again, then this round of decline will be completely over.

Ethereum: 3530-3485 line long stop loss: 3442 target: 3585-3620

Bitcoin: 65100-64600 line long stop loss: 64000 target: 65800-66600#BTC #ETH $ETH