Crypto Circle Academician: 7.3 Ethereum (ETH) daily golden cross hides dangers, is the Fibonacci pressure level the line of life and death? Latest market analysis for reference

　　Ethereum current price 1700, have you caught up with this rebound? From the low of 1503 all the way up to above 1700, this wave of oversold rebound strength directly exceeded expectations! Many people are still hesitating whether to buy the dip, but the market has already completed its move. These two hundred points are enough for a wave, and those who have not entered the market can only choose to go south. If you want to go north, you can only enter at a lower level after a pullback.

　　The daily candlestick directly stands above the EMA15 at 1643 and the Bollinger middle track. The current price is still below the EMA30, 60, and 90, and the mid-term southward trend has not yet reversed. The MACD indicator's red bars continue to expand, with DIF crossing DEA to form a golden cross. The short-term upward momentum is strong, but the upper 2242's 78.6% Fibonacci retracement line is a strong resistance level. If it cannot break through, it is likely to enter a range-bound pullback.

　　The four-hour candlestick has formed a standard V-shaped reversal, rebounding from the low of 1510 to near 1700. Currently, the price stands above the Bollinger upper track at 1681, and the short-term upward trend is evident. EMA15, 30, and 60 are all turning upward, forming an upward arrangement. The MACD red bars continue to expand, with momentum not fading. However, the upper 1730's 23.6% Fibonacci retracement line is a strong short-term resistance. The Bollinger bands are widening, indicating increased market volatility, so be alert to the risk of a pullback after a peak.

　　Short-term reference:

　　If 1670 to 1630 does not break, go north, stop loss 1600, target see 1710 to 1750.

　　If 1730 to 1760 does not break, go south, stop loss 1790, target see 1680 to 1640.

　　Specific operations should be based on real-time data from the market. For more information, you can consult the author. There is a delay in article publication, and it is suggested for reference only; risk is borne by yourself.

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