7.13 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum's market is currently running around 1820, with a net capital outflow of 7.4809 million, there is slight selling pressure in the short term. In the 4-hour mid-line cycle, the price corrected today and touched the central axis support, rebounding to above 1800, with the price firmly standing above the middle track of the Bollinger Bands. The overall upward trend has not been broken; the MACD dual lines maintain a golden cross, continuously outputting red bars, and the KDJ three lines are gently moving upwards. The short-term pressure is near 1835, with key support around 1780 below.

In the hourly short-term market, the price peaked around 1829 before slightly retreating, with the upper Bollinger Band forming resistance. The RSI rose to 74.91, nearing the overbought range, and the upward momentum has somewhat exhausted. Although the MACD maintains a golden cross, the increase of red bars is slowing down, and the KDJ has entered the overbought area, indicating a need for a technical correction. Overall, the mid-line bullish pattern is intact, but the short-term indicators are overbought and need to be digested. Avoid chasing high positions, and for a prudent approach, wait for a break below the 1780 support before entering the market. The above is only a technical share on the market and does not constitute any investment advice. Follow Mr. Coin for real-time market analysis. 

7.13 Short-term Reference for Ethereum:

Above 1825, go south, defend at 1880, target below 1780,

Below 1730, go north, stop loss 50 points, target above 1760,

The signal sent has a delay, strategy suggestions are for reference only, market conditions change rapidly. Regardless of how confident you are in market judgment, make sure to have stop loss and take profit set to secure gains.

For more real-time trading strategies, online technical learning, breaking even, etc., you can follow the mentor's public account (Mr. Coin Talks Coins) for the adding method: the first ten people daily can receive a free breaking-even strategy.

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