Coin Circle Liying: 6.5 Ethereum (ETH) Latest Market Analysis and Operational Suggestions

Family, the current price of Ethereum is 1773, and this pullback is very textbook in nature. Let's take a look at this 2-hour chart. From the pattern, this is a very clear descending channel, with highs continually lowering and lows being refreshed. In the previous rebound attempts, it could not effectively hold above the EMA30 yellow line, indicating weak bullish strength. Currently, the price is at 1776, which is right in an awkward middle ground - there is space to the strong support below at 1712, and the resistance level above at 1820 is not far either. It's crucial in times like this to avoid making trades based on feelings; we need a more rigorous logic to support our trading decisions and avoid being caught in volatility.

The key observation is that the EMA moving average EMA7 is currently forming the first line near 1780. As long as the K-line entity cannot close above EMA7, the short-term downward momentum will not change. As for the MACD indicator, the DIF and DEA dual lines are hovering at low levels, which is a typical weak consolidation area. Notably, although the MACD histogram has not shown a significant downward volume increase, there is also no obvious bottom divergence structure, indicating that the downward momentum is still present, just temporarily resting. The Bollinger Bands are opening downward, which is a dangerous signal; typically, a downward opening of the Bollinger Bands accompanies an acceleration of price declines. The current lower support is at 1734, and once this position is lost, it may trigger a new round of panic selling.

Short-term reference:

Go long at 1730-1700, exit below 1670, targeting 1800 aiming for above 1850

Go short at 1800-1850, exit above 1880, targeting 1750 aiming for below 1700

The above content is exclusively original by Liying, please indicate the source for reprinting! Article publication review has time delays, market conditions change rapidly, the above suggestions are for reference only and risks are to be borne by the individual. Hope Liying's insights will be helpful to you!

The article content is real-time, for reference only, and risks are to be borne by the individual.

Warm reminder: The above content is solely created by the author on Weibo, and the ads at the end of the article and in the comments section are unrelated to the author, please discern cautiously, thank you for reading.

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。