$ETH Crypto Academician: 10.13 Ethereum (ETH) — The First Meaningful Correction After Its Doubling Rally
Ethereum is currently at 2525. Last week, people were laughing at 2800; this week, they were crying at 2460; now it has bounced back to 2500. Feeling numb? I write these analyses every day not so you can blindly follow my price levels, but so that after reading them, you can think clearly about why you’re entering a trade, what to do if you’re wrong, and when to exit if you’re right. Surviving in the futures market matters more than making a quick buck. I’m putting this together tonight so I can publish it and get some sleep. If anything changes tonight, I’ll update it.
The daily candlestick has fallen below the short-term EMA15 and EMA30 moving averages, but remains above EMA60, EMA90, and EMA120. The medium-term uptrend line remains intact. On the MACD, DIF has crossed below DEA and the green bars are expanding, indicating that short-term bullish momentum on the daily chart is fading. The Bollinger Band middle line is at 2639, the upper band at 2804, and the lower band at 2473. The current price is moving between the middle and lower bands, indicating consolidation after a strong pullback. There is indeed selling pressure at higher levels.
The four-hour candlestick is right around EMA15, but remains below EMA30, EMA60, EMA90, and EMA120, indicating that the short-term moving averages are in a bearish alignment. However, the MACD has formed a golden cross, with DIF crossing above DEA and the red bars beginning to expand. This signals a corrective rebound after the sharp drop. The Bollinger Band middle line is at 2512, the upper band at 2559, and the lower band at 2466. The price is currently just above the middle band. After falling from 2806 to 2355 and then rebounding, the overall movement is a bottom-building process following a steep decline.
Short-term reference:
Long: 2510 to 2480, stop loss at 40 points, target 2535 to 2580.
Short: 2570 to 2580, if momentum stalls, stop loss at 40 points, target 2520 to 2460.
For specific trades, use real-time order book data as the primary guide. For more information, you can contact the author. There may be a delay in publishing this article; this is for reference only, and you assume all risk.
#ETH走势分析
Ethereum is currently at 2525. Last week, people were laughing at 2800; this week, they were crying at 2460; now it has bounced back to 2500. Feeling numb? I write these analyses every day not so you can blindly follow my price levels, but so that after reading them, you can think clearly about why you’re entering a trade, what to do if you’re wrong, and when to exit if you’re right. Surviving in the futures market matters more than making a quick buck. I’m putting this together tonight so I can publish it and get some sleep. If anything changes tonight, I’ll update it.
The daily candlestick has fallen below the short-term EMA15 and EMA30 moving averages, but remains above EMA60, EMA90, and EMA120. The medium-term uptrend line remains intact. On the MACD, DIF has crossed below DEA and the green bars are expanding, indicating that short-term bullish momentum on the daily chart is fading. The Bollinger Band middle line is at 2639, the upper band at 2804, and the lower band at 2473. The current price is moving between the middle and lower bands, indicating consolidation after a strong pullback. There is indeed selling pressure at higher levels.
The four-hour candlestick is right around EMA15, but remains below EMA30, EMA60, EMA90, and EMA120, indicating that the short-term moving averages are in a bearish alignment. However, the MACD has formed a golden cross, with DIF crossing above DEA and the red bars beginning to expand. This signals a corrective rebound after the sharp drop. The Bollinger Band middle line is at 2512, the upper band at 2559, and the lower band at 2466. The price is currently just above the middle band. After falling from 2806 to 2355 and then rebounding, the overall movement is a bottom-building process following a steep decline.
Short-term reference:
Long: 2510 to 2480, stop loss at 40 points, target 2535 to 2580.
Short: 2570 to 2580, if momentum stalls, stop loss at 40 points, target 2520 to 2460.
For specific trades, use real-time order book data as the primary guide. For more information, you can contact the author. There may be a delay in publishing this article; this is for reference only, and you assume all risk.
#ETH走势分析