Coin Circle Li Ying: 6.15 Ethereum (ETH) Latest Market Analysis and Operating Suggestions Interpretation

　　Family members, the current price of Ethereum is 1665. The current market looks pretty grinding, but those in the know understand this is the eve of a trend change. Li Ying speaks through the charts; this market is like a spring compressed to the extreme. Previously it fell from 1720, although there was a slight rebound in between, it clearly lacked strength. Now the price is repeatedly bouncing around near the moving average, both bulls and bears are holding back their big moves. For us retail investors, at this time, do not make random moves, do not chase after highs or sell off during lows. The current fluctuations are meant to wash out the weak hands, once the direction is determined,

　　From a technical perspective, the EMA moving average system presents a typical repair pattern following a bearish arrangement. The long-term EMA120 moving average forms strong resistance near 1700, while the short-term EMA7 and EMA30 are entangled together, indicating that the short-term direction is uncertain. The MACD indicator is operating below the zero axis, with the values of DIF and DEA being extremely low; although the green bars have shortened, the momentum is insufficient, suggesting that the downward momentum is waning while the upward potential is weak. The Bollinger Bands are obviously tightening, with the upper band at 1687 and the lower band at 1661, the bandwidth has compressed to the extreme, which usually heralds violent fluctuations. The K-line is consolidating with reduced volume near the middle band of the Bollinger Bands; once it breaks through the upper or lower band, it will trigger a one-sided market. Currently, we are in the calm before the storm, so beware of false breakouts.

　　Short-term reference:

　　Long position: 1650-1620, exit if it breaks below 1580, target 1680 aiming for above 1720

　　Short position: 1700-1730, exit if it breaks above 1760, target 1650 aiming below 1600

　　The above content is exclusively original by Li Ying, please indicate the source when reprinting! Article publication review has a delay, market conditions change rapidly, the above suggestions are for reference only, risk is borne by the reader. I hope Li Ying's appearance will be helpful to you!

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