Coin Circle Li Ying: Latest market analysis and operational suggestions for 6.8 Ethereum (ETH)

Family, the current price of Ethereum is 1630, this wave of trends is very exciting! Previously, it dropped from over 2100 all the way down to 1503, but now it has finally stabilized and rebounded to 1629. Looking at this candlestick chart, it has continuously closed positively after rising from the bottom, clearly indicating that funds are bottom-fishing. The moving averages have also started to turn upwards, and the short-term trend has quietly changed. Many people are still hesitating whether to chase, but in fact, this is a crucial point to confirm the reversal. As long as it stabilizes at a key position, there is a high probability of more room to grow afterwards. Don't be frightened by the previous drop; market sentiment has warmed up, and opportunities to profit are right in front of you!

From a technical indicators perspective, the EMA7 has crossed above the EMA30, forming a golden cross prototype, and short-term bullish momentum is strengthening; although the MACD's DIF is still below the zero axis, the DEA is beginning to converge, and the green bars are shrinking, indicating that bearish strength is waning; the middle track of the Bollinger Bands at 1583 has become a strong support, the price is stabilizing at the middle track and moving towards the opening direction, increasing volatility suggests the continuation of the trend. Overall, the indicators are resonating towards a rebound; as long as it does not drop below the middle track, the bullish pattern is solid.

Short-term reference:

For long positions, take positions between 1610-1590, exit if it falls below 1560, target 1650 aiming for above 1700.

For short positions, take positions between 1680-1700, exit if it breaks above 1730, target 1630 aiming for below 1600.

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The content of the article is time-sensitive and for reference only, risk is to be borne by yourself.

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