Red Sister in the Crypto Circle 8.7 (Writing time 0:10) Today's Ethereum (ETH) latest market analysis and trading suggestions:
Ethereum is currently priced around 3655. The K-line is still in a 4H channel oscillation and consolidation state. Yesterday, Red Sister emphasized the key support levels at the middle track and EMA120. The market has remained strong as expected, and there has been another rebound today. The current price is above both short-term and long-term moving averages, and the golden cross signal along with the upward tilt of the short-term moving average has created a bullish resonance. It is worth noting that the extreme contraction of bullish trading volume has led to a divergence between price and volume, indicating low market participation. Therefore, the price increase lacks sufficient momentum support, and the extent of the rise has not stretched much. Additionally, the engulfing pattern shows the possibility of a short-term bullish reversal, but market sentiment and volatility are in a balanced state, failing to provide a clear trend signal. The KDJ three lines are converging and advancing into the overbought zone, and attention should be paid to the upper track forming short-term pressure again. The RSI three lines are also moving upward in the neutral zone, indicating that bullish space continues. The green bars in the MACD are expected to continue increasing, but caution is needed as the DIF and DEA are hovering at the death cross edge, with the possibility of a reversal at any time. On the upside, pay attention to the upper track and the parallel pressure formed by the high point on the 5th before lightly entering short! The key support below still sees the middle track and EMA120 range. If it breaks down again below EMA120, the market will still hit the lower track and the intersection with EMA160! In summary, continue to maintain high selling and low buying within the 4H channel!
Selling point sharing: ≥3725 short, stop loss above 3800; take profit at 3585-3540, breaking below 3530-3500 can leave room to around 3460.
Buying point sharing: ≤3460 long, stop loss below 3400; take profit at 3530-3640-3720; breaking above 3725-3745 can leave room.
The article review and push have delays, and 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!
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Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of the crypto circle is vast and boundless, full of opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.
Remember, the crypto circle 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 qualities. 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 the crypto circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. Wherever and whenever, Red Sister cheers for you, looking forward to your wonderful performance. Red Sister wishes everyone smooth sailing on the road of the crypto circle, returning with a full load!
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