ETH:The analysis of ETH's future market situation is as follows
ETH as a whole is still in a wide range of oscillations at the daily level. Technically, ETH failed to break through the 1590 position, and a new bearish reaction appeared after forming a high near 1583.It fell sharply below the levels of 1550 and 1540.The low formed near 1535.The daily chart is suppressed by the moving average of technical indicators, and the opening of the Bollinger band is downward, the overall market of Ethereum is still running short.
https://www.tradingview.com/x/3xoKjr0d/
At the small level, the current small-level rebound market is under pressure near 1565. This position happens to be the intersection of the short-term moving average of the 20th and 30th moving average, which plays a role in the market. The market is under pressure, and with the current technology showing kinetic energy, it is difficult to support the rise of Ethereum and make a breakthrough, so the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, from this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, it will be difficult to support the rise of Ethereum and make a breakthrough. Therefore, the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, From this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, when If the kinetic energy is exhausted, a new round of falling markets may begin.
So in terms of operation, Ethereum can enter with empty orders near 1583-1590, below the target level of 1540.
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https://www.tradingview.com/x/3xoKjr0d/
At the small level, the current small-level rebound market is under pressure near 1565. This position happens to be the intersection of the short-term moving average of the 20th and 30th moving average, which plays a role in the market. The market is under pressure, and with the current technology showing kinetic energy, it is difficult to support the rise of Ethereum and make a breakthrough, so the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, from this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, it will be difficult to support the rise of Ethereum and make a breakthrough. Therefore, the top is currently facing two suppression levels, one is near 1565, and the other is the high point 1590 that has not been effectively broken through recently. Therefore, From this point of view, Ethereum is still in a weak and volatile market. If it is delayed and cannot effectively break through the above two resistance levels, when If the kinetic energy is exhausted, a new round of falling markets may begin.
So in terms of operation, Ethereum can enter with empty orders near 1583-1590, below the target level of 1540.
In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies.
BTCUSDTETHUSDTBTCUSDETHUSDBTCUSDETHUSD
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