ETH6.26 Analysis:


Daily Level: Overall, the short-term sentiment is still bearish. Yesterday Ethereum continued to weaken, and now the price of Ethereum has entered the first short-term support zone of 1550-1480.
If the first support is effectively broken later, Ethereum will directly head toward the next key support zone of 1170-1000.
From the 12-hour level perspective: Currently, KDJ, MACD, and BOLL are under bearish resonance pressure; on the main chart, the MA5 and MA10 moving averages are under bearish resonance pressure, and the MA30 moving average is turning slightly downward. Overall, today's intraday trend will continue to be bearish.
Summary: Now the trading volume of Ethereum on the daily chart has increased, which means there will be market movement today, and the direction is still to the downside.
ETH-5.26%
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GateUser-7919e6b9
· 4h ago
The bearish resonance is indeed frightening. If 1550 cannot hold, it will really go to 1170. Friends with heavy positions, please pay attention to risk control.
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DeepWhale
· 4h ago
Firmly HODL💎
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Lking
· 5h ago
Just go for it 👊
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WhaleInAGlassBottle
· 6h ago
Daily volume increase + indicator resonance downward pressure, this wave of downward momentum hasn't been exhausted yet. I plan to wait near the second support before considering a left-side trade.
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PositionLikeACat
· 6h ago
MACD and BOLL double kill, MA30 has also started to turn, the short-term trend is already very clear, keep your hands off and don't blindly buy the dip.
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