ETH’s 4-hour price trend: Sideways
[Price Trend Analysis] K-line pattern: The recent price has fluctuated in the range of 2600 to 2700, forming a shock consolidation pattern. On August 16, a K-line with a long lower shadow appeared, showing strong buying support.
Technical indicators: MACD: Both DIF and DEA are currently negative, but DIF is gradually rising, indicating that the power of shorts has weakened and may turn to longs. RSI: RSI14 is currently around 50, which is in the neutral zone, with no obvious overbought or oversold signals.
EMA: EMA7 (2630.44) and EMA30 (2624.82) are close to bonding, and the short-term trend is unclear; EMA120 (2750.25) is much higher than the current price, and the long-term trend is still downward. Trading volume: Trading volume has increased in recent days, especially during the sharp fluctuations on August 16, indicating that market sentiment is more active.
But overall, there is no sustained and significant increase in trading volume, indicating that market participation is average.
[Buying and selling points] Buying point one: 2600 USDT (reason: close to the previous low, and there is strong support at the integer mark)
Buying point 2: 2575 USDT (reason: further explore to a lower support level, taking into account the interval of more than 1%) Long stop loss point: 2560 USDT (reason: buy 15 USDT below point 2 to prevent falling After breaking, it will continue to decline sharply)
Selling point one: 2700 USDT (reason: close to the recent high, there is pressure at the round number mark)
Selling point two: 2750 USDT (reason: there is strong resistance near EMA120, and taking into account the interval of more than 1%) Short selling stop loss point: 2775 USDT (reason: 25 USDT above selling point two to prevent continued rise after breakthrough )
