Market Trends in Cryptocurrency: 6.28 Ethereum (ETH) Market Analysis Reference:
After a round of deep declines in the daily chart of Ethereum, it has stabilized above the previous low point, forming a low-level consolidation range. The price is very close to the lower Bollinger band, and multiple moving averages are continuously pressing down from above, with the medium and long-term downward pattern remaining unchanged. Currently, the MACD balance of bullish and bearish forces is tending towards equilibrium, and the KDJ and RSI indicators have been in the oversold edge area for a long time, with the downward momentum weakening, indicating a demand for repair and rebound. The upper resistance is concentrated around 1675, with strong support at 1538 below. The short-term market will continue to consolidate and repair indicators slightly. As long as the bottom support is not broken, the market will nurture a rebound trend.
The 4-hour chart has shown a slowly rising oscillation rhythm, with prices continuously operating near the middle Bollinger band. The MACD maintains gentle volume bars, and the short-term bullish force is still present. The KDJ indicator has turned downwards at a high position, indicating adjustment, with key support at 1532 below and pressure at 1630 above. After subsequently testing the support, it is highly likely to test the pressure upward again.
Market Trends in Cryptocurrency: 6.28 Ethereum Short-term Reference:
Short Position: Sell in the range of 1680-1630, stop loss above 1700, target at 1620-1560,
Long Position: Buy in the range of 1530-1560, stop loss below 1500, target at 1580-1630,
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and release may be delayed, and the strategy might not have timeliness. Do not operate blindly]
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