Ethereum ETH Market Analysis and Trading Suggestions on July 3 (Written at 8:59)

The current price of Ethereum is 2570, showing a trend of oscillating upward. A rebound structure has formed in the short term, but signs of weakening bullish momentum are evident, necessitating caution against risks. Currently, the price may continue its oscillating upward trend, but considering the overbought pressure from indicators such as KDJ's high-level stagnation and RSI nearing the strong end, the subsequent upward space may be limited, and a short-term pullback cannot be ruled out. In the medium term, the price has failed to effectively break through the key daily resistance levels MA240 and the upper Bollinger Band, indicating that the upward momentum is insufficient to establish a medium-term reversal. Meanwhile, the long-term moving average system MA200 and MA240 shows that the market remains in a relatively weak state, requiring close attention to subsequent momentum changes and technical breakthroughs.

It is suggested to take light long positions in the short term. If the price can pull back to the mid-track at 2450 and the support area below MA200, one may gradually enter long positions. Sell points should consider effective resistance at MA240 and MA280; the candlestick patterns show strong bullish signals with red three soldiers, bullish engulfing, and doji patterns recently, but trend reversal signals should be monitored. Currently, the K-line is close to the mid-track of the Bollinger Bands, and the narrowing Bollinger Bands indicate that the market is in a consolidation phase, requiring attention to the breakout direction. In MACD, the DIF line is gradually approaching above the zero axis, and the increasing green bars indicate that the market is in the early stages of a rebound, necessitating observation of the breakout of key intervals. The short-term moving averages are aligned with the price trend, but the long-term moving averages are still trending downward, indicating that the market trend has not completely reversed. In KDJ, the three lines are stagnating at a high level, with the J value in the overbought range, suggesting possible oscillation or slight pullback in the short term. The RSI is in a relatively strong area but not overbought, indicating that the market's short-term strength leans towards the bulls, requiring attention to further momentum release.

Buy Points: Long positions below 2555, stop loss below 2500, take profit at 2600-2650, and if breaking above 2655-2675, one may continue to hold.

Sell Points: Short positions above 2670, stop loss above 2710; take profit at 2610-2560; if breaking below 2555-2510 key support, one may hold.

There may be delays in article review and push notifications; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Avoid heavy positions! Thank you for reading!

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Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!

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