ETH Morning Analysis


Bulls finally trampled and friction, Middle East situation unresolved, strictly prohibited from bottom fishing

The Middle East situation continues to escalate, Israel under attack causing massive casualties, Iran stated that the battle will enter a new phase. Trump issued an ultimatum to Iran, demanding unconditional opening of the Strait of Hormuz within 48 hours, otherwise will strike its power plants.

Affected by the situation, the crypto market daily line closed bearish and broke through the stage new low, Bollinger Bands contraction slowed down, KDJ death cross downward, MACD also formed death cross, bearish momentum emerging, intraday still mainly selling on rebounds.

Operation Suggestions
ETH Sell on rebounds in the 2100-2150 range, targets down to 2060-2000, below that look at 1960

The above is personal opinion for reference only. Specific operations are subject to analysis#Gate13周年全球庆典
ETH-1,76%
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