The price has retraced again, slightly rebounding after touching the 4257 level at a low point. The short-term trend still maintains a weak oscillation. The gains from yesterday have begun to slowly unwind, but as long as the key short-term support at 4230 is not broken, the oscillation pattern will not change. On the 4-hour level, there has been a continuous appearance of long upper shadows indicating a weakening of bearish momentum. MACD: On the 4-hour level, the DIF and DEA have formed a second death cross below the zero axis, but the daily level still maintains a golden cross state. The price has broken below all short-term moving averages and the 30 EMA has formed a death cross, turning into resistance, suggesting a strategy of shorting high and buying low. Personal suggestion Short position strategy 4450-4430 short Target 4330
Long position idea 4280-4300 long, target 4350-4400
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9.3 Ethereum market analysis reference
The price has retraced again, slightly rebounding after touching the 4257 level at a low point. The short-term trend still maintains a weak oscillation. The gains from yesterday have begun to slowly unwind, but as long as the key short-term support at 4230 is not broken, the oscillation pattern will not change.
On the 4-hour level, there has been a continuous appearance of long upper shadows indicating a weakening of bearish momentum. MACD: On the 4-hour level, the DIF and DEA have formed a second death cross below the zero axis, but the daily level still maintains a golden cross state. The price has broken below all short-term moving averages and the 30 EMA has formed a death cross, turning into resistance, suggesting a strategy of shorting high and buying low.
Personal suggestion
Short position strategy 4450-4430 short
Target 4330
Long position idea 4280-4300 long, target 4350-4400