Coin Circle Li Ying: 6.12 Ethereum (ETH) Latest Market Analysis and Operation Suggestions

　　Family, Ethereum is currently priced at 1645, and its movement is like a roller coaster, dropping from nearly 2000 to around 1500 before taking a breath, and now it has been fluctuating sideways for several days. As ordinary investors, we should not rush in blindly when looking at this market; we need to first clarify whether this is a continuation of the downtrend or a bottoming rebound. After all, the volatility in the coin circle is significant, and without grasping the rules, it is easy to incur losses.

　　First, let’s look at the technical indicators: in the EMA moving averages, the 7, 30, and current price are close together, indicating an unclear short-term direction; however, the 120-day moving average is at 1722, like a mountain pressing down, indicating that the mid-term trend has not yet reversed. The MACD indicators DIF and DEA are both below the 0 axis; although the red bars have narrowed, they have not turned green, indicating that the bearish strength has only weakened but has not disappeared. The middle track of the Bollinger Bands at 1640 has become a key support, with the upper track at 1669 being a resistance; the price is hovering near the middle track, which is characteristic of a typical consolidation phase with neither bulls nor bears having absolute advantage. Remember, in a consolidation market, do not take heavy positions, and keep enough bullets to wait for clear signals!

　　Short-term reference:

　　Take a long position at 1630-1600, exit if it falls below 1560, target at 1680 aiming above 1720.

　　Take a short position at 1700-1730, exit if it breaks above 1760, target at 1650 aiming below 1600.

　　The above content is exclusively original by Li Ying, please indicate the source if reprinted! Article publication review may be delayed, and the market is volatile; the above suggestions are for reference only, and risks are borne by the individual. I hope Li Ying's appearance will be helpful to you!

　　The content of the article is timely, for reference only, and risks are borne by the individual.

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