Ethereum (ETH) Market Analysis and Trading Suggestions on July 13 (Written at 0:56)
The current price of Ethereum is 2930. The overall market is showing an upward trend, but the momentum has significantly slowed down, facing pressure for a consolidation adjustment. Various indicators collectively show that bullish momentum is weakening, and the market is in a short-term adjustment phase. In the short term, the price may continue to oscillate within the important support and resistance range, with a possibility of further retracement. It is essential to pay close attention to the effectiveness of the support level below 4H and the price's proximity to the Bollinger middle line. If the short-term support is breached, it may trigger a deeper adjustment. The suggestion for those holding short positions is to take profit and reduce positions near 2920. If it breaks below 2900, consider entering long positions at the support level below 2850. Currently, it is not recommended to chase long positions at high levels; instead, wait for the price to retrace to the support level at the EMA30 short-term moving average. Additionally, set stop-loss orders to prevent rapid market declines that could lead to breakouts. For short opportunities, continue to monitor the pressure in the 2970-3000 range. If the price fails to break through, it may be appropriate to pursue short positions. The candlestick pattern shows a doji, indicating market hesitation and potential trend reversal risk. The price is running between the middle and upper Bollinger bands, with the bands expanding, indicating increased market volatility and the possibility of a short-term retracement. In the MACD, the DIF and DEA lines are still above the zero axis, but the red histogram is increasing, and a death cross has formed, indicating weakened upward momentum and adjustment pressure. In the KDJ, the K, D, and J lines have formed a death cross downward, with the J value approaching the oversold zone, suggesting a significant weakening of short-term momentum. The RSI has quickly retreated to the neutral zone, with bullish strength gradually diminishing but not completely altering the trend structure. In the EMA, all periods maintain a bullish arrangement, and the current price is still above the short-term moving average, indicating that the market trend remains strong, but the risk of retracement is increasing.
Buy Point: ≤2850 long, stop-loss below 2800; take profit at 2890-2970; if it breaks above 2980, hold until around 3020.
Sell Point: ≥2950 short, stop-loss above 3000; take profit at 2880-2830; if it breaks below 2820-2800, continue to hold.
The article review and push have delays; 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. Do not operate with heavy positions! Thank you for reading!
Follow the blogger to avoid getting lost in trading. Scan to add "Coin Circle Red Sister," where daily benefits await your participation!
Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means the end, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you maintain a thirst for knowledge and a spirit of exploration in the days to come.
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!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
