【ETH】 Analysis of popular coins on May 25th $ETH

24-hour trend [up]

【Buy and sell points】

Buy point 1: 3650 USDT (close to EMA7 support level, and the integer level has strong support)

Buy point 2: 3600 USDT (near the previous low point, with strong buying support)

Long stop loss point: 3550 USDT (slightly lower than the previous low point, to prevent false breakthroughs)

Sell point 1: 3850 USDT (close to the recent high point, there is a possibility of selling pressure)

Sell point 2: 3900 USDT (integer level pressure level, further confirming the upward momentum)

Short stop loss point: 3950 USDT (slightly higher than sell point 2, to prevent false breakthroughs)

【Price trend analysis】

K-line pattern:

Recently, prices have shown a clear upward trend, especially the strong pull-up that started on May 20. A long upper shadow appeared on May 23, indicating that there is a large selling pressure at a high level.

Technical indicators:

MACD: Both DIF and DEA are positive and rising, and the MACD histogram shows that bullish momentum is increasing. RSI: RSI14 is currently at 68.76, close to the overbought zone, but has not yet entered the extreme overbought state. EMA: The current price is above EMA7 (3622.26) and away from EMA30 (3295.88) and EMA120 (3089.41), and the short-term, medium-term and long-term moving averages are in a bullish arrangement.

Volume:

The volume increased significantly from May 20 to May 25, especially on May 20 and May 21, showing an increase in market participation. The volume has fallen back in recent days, but it remains at a high level.