Coin Circle Li Ying: 6.7 Ethereum (ETH) Latest Market Analysis and Operation Suggestions

Family, the current price of Ethereum is 1560, isn't it shocking? Sliding down from the high point of 2140 without a decent rebound, it’s simply rubbing the bulls on the ground. Many brothers are asking if they can catch the bottom, I say don't rush, this situation is like a falling knife, if you don’t catch it right, you’ll end up with blood on your hands. The current trend is very typical, characterized by continuous downward movement, with every slight increase being knocked back down. In today’s analysis, I won't speak vaguely, I will directly help you see the current market logic clearly, telling you how to preserve your capital in this weak market, and maybe even make some profit!

In-depth analysis of technical indicators: EMA7, EMA30, and EMA120 are in perfect bearish arrangement. The price is firmly pressed below EMA7, indicating heavy selling pressure in the short term, unable to make even the basic corrections. Regarding the MACD indicator, the fast and slow lines cross downwards deep in the zero axis; although the bearish momentum has not significantly increased, there are also no obvious signs of bottom divergence, indicating that the downward momentum is still being released. The Bollinger Bands are opening downwards, with the price tightly adhering to the lower band at 1494, which reflects extreme weakness. The middle band at 1613 has formed extremely strong dynamic resistance; as long as the price does not stand above the middle band, every increase can only be defined as a rebound from oversold conditions.

Short-term reference:

For positions 1490-1460, exit if it drops below 1430, with a target of 1550 aiming above 1600.

For positions 1600-1650, exit if it breaks 1700, with a target of 1550 aiming below 1500.

The above content is exclusively created by Li Ying, please indicate the source if reprinted! The article release review has a delay, and the market changes rapidly; the above suggestions are for reference only, risk is self-borne. I hope Li Ying's appearance will help you!

The content of the article is time-sensitive, for reference only, risk is self-borne.

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