9.11 Coin Mr. Says Coin: Ethereum Market Analysis Reference

After a round of decline, Ethereum fell to around 2404, and is currently trading around 2449. The overall trend on the 4-hour chart is relatively weak, with moving averages showing a downward pressure. The MACD indicator is operating below the zero axis, and the bearish structure has not completely reversed; the RSI is around 41, and the KDJ is turning upwards from a low position, indicating signs of a stop and recovery after a sharp decline, but has not formed a strong reversal yet. The key pressure level above is at 2485, while the core support below is around the integer level of 2400; maintaining this support is crucial for sustaining a consolidated recovery; once it breaks down, the downside space will open up again.

On the hourly cycle, after the price bottomed at 2404, it bounced in a consolidative manner, but after the rebound, it faces pressure and falls back, currently in a range-bound oscillation. The MACD is below the zero axis, with green bars shrinking, suggesting a relatively balanced battle between bulls and bears; RSI is fluctuating around 45, and the KDJ has three lines pointing downwards, indicating weakening bullish momentum in the short term. Currently, it is in a range consolidation after a large drop, with no clear unidirectional trend, presenting a grinding oscillation market. In the short term, the market is repeatedly tugging back and forth at the low level. The MACD is slightly oscillating near the zero axis, with weak red bars; the RSI is oscillating around 44, with signs of KDJ turning downwards, showing insufficient short-term rebound momentum. The short-term pressure is at 2485 above, and support at 2400 below, likely continuing to oscillate back and forth in a small range temporarily. Overall, the pattern of low-level oscillatory recovery is observed. The lower support at 2404 is the lifeline for this round, while the upper level at 2483 is the dividing line of strength and weakness in the short term. If the price stabilizes above 2483, there is a chance for further upward rebound; once it breaks down below 2400 again, the probability of bearish market testing downward will continue.Follow Coin Mr. for real-time market analysis.

9.11 Short-term Reference for Ethereum:

Down south above 2485, aiming below 2440,

North upward below 2380, aiming above 2430,

Messages may be delayed; strategy suggestions are for reference only. The market changes rapidly, regardless of your judgment on the market, always ensure to maintain stop-loss and take-profit orders for safety.

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