Coin Circle Liying: Ethereum Box Oscillation on 9.13! Can 2350 become the key reversal point? Latest market analysis

Article release time 2024.9.13—04:30

The market has been in a box pattern, and the current Ethereum price is 2350. It can be seen that it has been exchanging back and forth at the position of EMA trend indicators 7 and 30. The competition between long and short positions is intense, and there has been no clear long or short breakout above 2400. In the short term, attention should be paid to the resistance level at EMA120, which is at 2445. The overall trend is still downward.

MACD technical indicator: The current DIF and DEA are both positive, and the MACD histogram is red, indicating that the bullish momentum is dominant in the short term. However, it should be noted that there was a death cross signal in the previous period. Looking at the four-hour RSI indicator, it is currently at 52.3, close to the neutral zone, and has not entered the overbought or oversold zone. From this point, it can be judged that the market currently does not have extreme sentiment.

On the hourly chart, it is obvious that the market has been consolidating in the range of 2350 to 2400, and the market sentiment is relatively stable. Currently, both long and short positions are in a delicate state in the market. In terms of strategy, it can be operated in a band, which provides relatively larger space.

Today's latest reference points: Risk control first, trading second

Long entry point: 2300, additional purchase point: 2270, stop loss point: 2240

Short entry point: 2400, additional purchase point: 2450, stop loss point: 2480

The above analysis is based on market data and trend analysis of the market sentiment, and is for reference only. It does not constitute investment advice. For the reference of family members. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating countless valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams to find their own position in this unpredictable market and embark on their own journey to success.

The content of the article is timely and for reference only, at your own risk.

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