Coin Circle Li Ying: 6.6 Ethereum (ETH) Latest Market Analysis and Trading Suggestions

Family, the current price of Ethereum is 1585, and this wave of decline in Ethereum can be described as a textbook-level bear market! Since the high point of 2149, every rebound has been knocked down lower. Now at the price of 1585, the previous support level has been broken, and the trapped positions are layered and stacked. Many veterans are also struggling: should they cut losses or increase positions? The answer is actually hidden in the candlesticks and indicators—now is not the time to guess the bottom, but to find opportunities along the trend. Today's analysis will help you break down the market from a professional perspective, understand the intentions of the main force, and don't let yourself be shaken out by volatility!

Moving Average System: EMA7, EMA30, EMA120 form a death triangle, with all short, medium, and long-term costs above the current price. Every rebound is selling pressure from trapped positions, and there are heavy upward resistances. MACD: DIF and DEA continue to diverge below the zero axis, and the downward momentum is continuously amplifying, indicating that bear strength is strengthening. The absence of divergence signals means the decline is not over. The lower limit of the Bollinger Bands at 1613 has been breached, and the price is running along the lower track, with the mid-track at 1733 becoming the ceiling. The channel opening is downward and widening, indicating an increase in volatility, and the decline may accelerate. Combined, the current period is a strengthening phase of the bear trend, and any rebound is a chance to escape!

Short-term reference:

Long position at 1550-1500, exit below 1450, target 1600 aiming for above 1650

Short position at 1650-1700, exit above 1730, target 1600 aiming for below 1550

The above content is originally created by Li Ying, and please indicate the source when reprinting! The publication review of the article has a delay, the market changes rapidly, and the above suggestions are for reference only, risks are borne by you. I hope Li Ying's appearance will be helpful to you!

The content of the article is timely and for reference only, risks are borne by you

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