Ethereum quickly retreated from around 2329 in yesterday's early trading, dropping to approximately 2173. The daily chart shows a divergence between price and volume, with the MACD volume bars showing signs of shrinking. The KDJ indicator has reached high levels and is beginning to turn downward into the overbought zone, indicating that the upward momentum of the coin is weakening. There is a short-term need for a pullback or consolidation. The four-hour chart is also undergoing technical correction; if it cannot rise quickly and hold above the midline, it may continue to maintain a sideways downward trend.


From the daily chart perspective, Bitcoin's price has not broken below key support levels. Although on the naked candlestick chart it still appears to be in a rebound phase within an overall upward channel, the MACD bullish volume bars are shrinking, and the KDJ is turning downward. Currently, it is in a weak oscillation after a short-term decline.
It is recommended to enter short positions around 2230-2250, with targets near 2200-2180, and a breakout target around 2150. If it does not break below, consider reversing to long positions around 2180-2190.
It is advised to enter short positions around 71700-72000, with targets near 70500-70000, and a breakout target around 69500. If it does not break below, consider reversing to long positions around 70500-70000.
The above analysis is my personal opinion. Market conditions change rapidly; strategies are for reference only. Use proper stop-loss and take-profit measures.
ETH-1,48%
BTC-1,26%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin