$ETH
⚡️⚡️Attention⚡️⚡️
⚡️Ether (ETH) Trend 📊 Analysis 📉⚡️
📒1️⃣: From K-line pattern data📊…:
The price has shown an obvious upward trend recently, especially the big positive lines on July 15th and 16th.
From July 8 to July 14, a number of K lines appeared with slight fluctuations, showing that the market has a certain need for consolidation within this range.
📒2️⃣From technical indicator data📊…:
MACD: Both DIF and DEA are negative, but the MACD histogram has turned from negative to positive, indicating that the power of the bears has weakened and the bulls have begun to dominate.
RSI: The RSI value is gradually rising and is currently close to 60. It has not yet entered the overbought zone, but it shows strong upward momentum.
EMA: The short-term EMA (7) has crossed the mid- to long-term upwards
EMA(30,120), forming a golden cross, further confirms the current uptrend.
📒3️⃣From trading volume data📊…:
The trading volume increased significantly on July 15, reaching 2,723,613, showing the influx of large amounts of funds, driving the price to rise rapidly.
The trading volume fell back to 363,489 on July 16, but still remained at a relatively high level, indicating that market participation is still high.
📒4️⃣: Long-term strategic goal 🎯 analysis 📊…:
Point D target 🎯1: 3400 USDT (close to the integer mark of the previous high of 3436.73, which may form support)
Point D target 🎯2: 3350 USDT (close to the EMA30 moving average and near the low of the previous band)
Make D stop loss point: 3300 USDT (50 points below the buy point two to avoid the risk of further decline)
K point target 🎯1: 3600 USDT (close to the integer mark above the recent high of 3497.74, with strong pressure)
K point target 🎯2: 3700 USDT (after breaking through 3600, the upside space will open, and there will be selling pressure at the next integer level)
Make K stop loss point: 3750 USDT (50 points above the selling point two to prevent the price from continuing to rise)
