AICoin Analysis 6.06: Analysis of ETH Trend

CN
11 months ago

Yesterday evening, BTC once again failed to break through the high point of 71939, reaching a peak of 71758, falling short by less than 200 points, and was temporarily pushed back by the bears. It is highly probable that there will be a 30-minute downward correction and continued consolidation at the moment.

The trend of ETH has also entered a period of consolidation, maintaining a narrow range of fluctuation between 3750 and 3850 for a long time. From the perspective of the daily chart at a higher level, the current uptrend of Ethereum is definitely not over. The consolidation is to digest the uncertain chips from the previous 20% surge in a day. Additionally, it is expected that the US ETH spot ETF will probably be listed at the end of June or early July, so there is no problem with holding for the long term.

First, let's look at the daily chart at a higher level. At the daily level, it is currently running a three-buy upward segment. Clearly, after the second buy volume surged, there has not been a range-bound structure, and the MACD is hanging high above the zero axis. Therefore, low-cost chips entering near the second buy at the bottom can continue to be held with confidence. Here, waiting for the MACD to pull back to the zero axis and construct a secondary level structure will lead to another upward surge, with a high probability of breaking the 4093 high point. It's just that the process may be more complicated as the Ethereum market is large and won't happen overnight.

Next, let's look at the 4-hour chart. The MACD at the 4-hour level has already crossed above the zero axis. The chart provides two types of trends: the strongest trend is to directly break through the 3977 high point with volume again. The other type is to first construct a 4-hour level structure and then move upward.

Finally, looking at the 30-minute chart, it is still in the midst of 30-minute consolidation. The current upward segment has not yet been completed. The key is the strength of today's upward segment, which is also the secondary 5-minute three-buy upward segment. If it does not surge with volume and is not a bearish divergence, it will probably choose to follow the yellow trend back to the consolidation after returning to the center. Therefore, for short-term positions, if the 5-minute three-buy breaks 3888 and turns into a sell, it is recommended to reduce the position and wait for the appearance of the downward segment in 30 minutes before replenishing, taking a short-term profit in between.

The above analysis is for reference only and does not constitute any investment advice!

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