ETH June 22 Market Analysis


Primarily Long Positions
From a weekly perspective, this week's KDJ and MACD show a slight downward crossover, and BOLL continues to fluctuate downward,
In terms of trading volume, this week has seen increased trading chips, with volume being stronger than the previous two weeks;
On the main chart, the MA three-day moving averages are strongly arranged in a bearish order, and additionally, Ethereum's price still closed below the MA5 daily moving average this week,
Ethereum is basically trading sideways between 1750 and 1700, narrowing the range; the overall market trend is mainly based on a long position trading approach,
So, intraday fluctuations are basically paving the way for a subsequent decline,

After the short-term fluctuation sentiment ends, Ethereum will likely continue to decline with increased volume,

Currently, the support at the low point still references the 1550-1480 area.
ETH-3.20%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned