Coin Waves: 6.5 Ethereum (ETH) Market Analysis Reference:

Ethereum is overall in a weak downward trend on the 4-hour chart, currently priced around 1675. The Bollinger Bands maintain a downward opening shape, with the market continuously pressured below the middle Bollinger Band. Each EMA line forms a layered bearish setup. In terms of indicators, the MACD fast and slow lines continue to diverge below the zero axis, with bearish momentum not diminishing. KDJ and RSI are flatting out in the low range, after an oversell, showing some short-term recovery. The key defensive level is at the previous low of 1620, with the primary rebound target looking at EMA7 (1730) as a strong resistance at the middle Bollinger Band. If the rebound fails to hold and falls back, the bearish trend will restart to test new lows. Only a substantial volume breakthrough above the middle band will temporarily relieve the bearish pattern.

On the hourly chart, after bottoming out at 1620, a minor stabilization and recovery has taken place. The Bollinger Bands have narrowed, entering a range consolidation, with the box range set between 1650-1820. The short-term moving averages still maintain a bearish arrangement; in the MACD indicator, the DIF line shows a low-point turnaround, and the histogram is significantly shrinking, suggesting some waning bearish momentum. KDJ and RSI are warming up from the lows, and short-term rebound sentiment is slightly rising, but the space is limited, making a sustained move difficult. It is not advisable to blindly chase high prices in operations.

Coin Waves: 6.5 Ethereum Short-term Reference:

Short Position: Short in the range of 1750-1720, stop loss at 30 points, target looking at 1700-1650,

Long Position: Long in the range of 1610-1640, stop loss at 30 points, target looking at 1670-1720,

[The above analysis and strategy are for reference only. Risks are to be borne by oneself. Articles are subject to delay in review and publication, and strategies may lack timeliness; please do not operate blindly.]

This article is originally shared by [Coin Waves], representing only personal opinions. There may be delays in sending the article, and it is for reference only; please do not operate blindly! Want to get more daily real-time trades? Then follow my public account! Here, you can learn online about technical analysis, as well as knowledge related to cutting losses and exiting. I have years of research experience in the market, focusing on the major trends in the cryptocurrency sector. I am mainly responsible for the analysis and guidance of investment operations for BTC, ETH, SOL, BCH, and other coins. Feel free to study and learn together.

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