Coin Ocean Waves: 5.7 Ethereum (ETH) Market Analysis Reference:

Ethereum's intra-day market continues with weak oscillation consolidation. Observing from the daily chart, the current price of ETH is oscillating narrowly around the middle band of the Bollinger Bands, under pressure below the previous high. The short-term EMA moving averages are overall in a bullish arrangement but the slope is slowing down, indicating a reduction in bullish momentum. In the MACD indicator, the DIF line remains below the DEA line, and the difference between the two is narrowing. The bearish histogram is starting to expand, and bullish momentum has entered an exhaustion phase; the RSI indicator maintains in the neutral range above 50, while the KDJ indicator, although all three lines are overall above the mid-axis, shows signs of the J line turning down. There are some signals of a pullback in short-term bullish strength, and a clear trend direction has not yet formed. Overall, the daily level is in a high-level oscillation consolidation stage after an increase. If the price cannot break through the previous high with increased volume, it is highly likely to enter a weak oscillation adjustment pattern.

The ETH 4-hour level has formed a high-level pullback structure, with the price breaking below the support of the Bollinger Bands middle band, currently running between the middle band and the lower band. The short-term EMA moving averages have formed a bearish arrangement, and the price continues to face pressure below the 7-day and 15-day moving averages. In the MACD indicator, the DIF line has crossed below the DEA line forming a death cross, continuously expanding, and bearish momentum is being released; the RSI indicator has fallen to around 40 in a weaker range, and the KDJ indicator has entered the oversold area, indicating a short-term technical rebound demand. However, the upper Bollinger Bands middle band and short-term moving averages constitute double pressure, limiting the rebound strength. Overall, the 4-hour level clearly shows a bearish trend, and the adjustment has not ended. If the price cannot quickly recover the middle band of the Bollinger Bands, it is likely to continue testing the support of the lower band.

Coin Ocean Waves: 5.7 Ethereum Short-Term Reference:

Short Position: 2390-2360 range short, stop loss 30 points, target watch 2340-2290,

Long Position: 2280-2310 range long, stop loss 30 points, target watch 2330-2380,

【The above analysis and strategies are for reference only, risks please bear yourself, the article review and release may have delays making the strategies lack timeliness, do not operate blindly】

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