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$ETH Crypto Circle Li Ying: 6.14 Ethereum (ETH) Latest Market Analysis and Trading Recommendations
Family members, Ethereum is currently priced at 1665. Li Ying doesn't bother with those empty words, just look at the candlestick chart to see the trend. From the chart, you can see that after dropping to 1602, it started to rebound. Now the price is hovering around the moving averages, just like someone climbing a mountain taking a break from exhaustion. There is a long-term purple resistance line pressing down from above, and several short-term moving averages supporting from below. Right now, it's in a state of oscillation with a top above and a bottom below. During this time, don’t blindly chase rises or sell off drops; wait for it to choose a direction before acting more safely. After all, crypto market volatility is high, protecting your principal is more important than making quick money.
EMA moving averages, the 7-day and 30-day lines, are forming support around 1676 - 1667. The price staying above the short-term moving averages indicates that the short-term bulls still have some strength; but the 120-day moving average pressing down around 1705 is a medium-term resistance level. If it can't break through, a pullback is likely. Looking at MACD, both DIF and DEA are above the zero line. Although the red bars are short, they haven't disappeared, indicating that the upward momentum is still there but weakening, belonging to the last strength of a strong bow. Regarding Bollinger Bands, the middle band is at 1669, the upper band at 1684, and the lower band at 1655. The price is oscillating narrowly between the middle and upper bands. The narrowing of the bands suggests an imminent change in trend—either a breakout above the upper band or a drop below the middle band to find support at the lower band. This is the calm before the storm.
Short-term reference:
Buy at 1650-1620, exit if below 1580, target 1680 aiming for above 1720
Sell at 1700-1730, exit if above 1760, target 1650 aiming for below 1600
The above content is exclusively original by Li Ying. Please indicate the source when reprinting! Market conditions change rapidly, and the above suggestions are for reference only; trade at your own risk. We hope Li Ying's analysis can be helpful to you!
The article content is real-time and for reference only; trade at your own risk. #预测世界杯巴西VS摩洛哥