The first televised debate of the 2024 US presidential election began at 9 a.m. today. Perhaps because the topic of cryptocurrency was not mentioned at all during the 90-minute debate, the price of political meme coins suffered a heavy blow.

The market for Ethereum fluctuated from around $3326 in the early hours of the 27th, rising all the way to around $3488, but it lacked the strength to sustain the high and fell back to around $3440 by the time of writing, with a 0.23% decrease in the past 24 hours.

Four-hour chart of Ethereum

First, according to the Bollinger Bands indicator in the 4-hour chart of Ethereum, the current price of Ethereum is above the middle band, close to the upper band, indicating that the market is still in an upward trend. The resistance at the upper band of 3473 is slightly strong, having broken through twice during the day but ultimately failing to hold, so caution is needed for the risk of a pullback.

Second, according to the KDJ indicator in the 4-hour chart of Ethereum, all three lines of the KDJ are near 70, indicating that it is currently in the overbought zone, and both the K line and the D line are trending downward, indicating the risk of a short-term pullback.

Finally, according to the MACD indicator in the 4-hour chart of Ethereum, both the DIF line and the DEA line are currently near the zero axis, and the red histogram of the MACD is gradually shrinking, indicating a weakening of the bullish momentum and a signal of a possible bearish reversal.

One-hour chart of Ethereum

First, according to the Bollinger Bands indicator in the 1-hour chart of Ethereum, the current price of Ethereum is below the middle band, close to the lower band, indicating that the price is in a downtrend. If it cannot effectively return to the middle band, there will be further downside risk.

Second, according to the KDJ indicator in the 1-hour chart of Ethereum, all three lines of the KDJ are running near 40, indicating that it is currently in the oversold zone, but both the K line and the D line have been consistently trending downward, indicating that the price will continue to decline in the short term.

Finally, according to the MACD indicator in the 1-hour chart of Ethereum, the DIF line and the DEA line are running below the zero axis, and there is a trend of convergence downward, with the green histogram of the MACD gradually increasing, indicating a weakening of the bullish momentum and a possibility of a reversal.

Comprehensive analysis: According to the Bollinger Bands, KDJ, and MACD indicators in the 4-hour chart, the overall trend is still upward, but the KDJ indicator shows overbought conditions and the possibility of a pullback, while the MACD indicator shows a weakening of bullish momentum and a potential reversal to bearish. According to the Bollinger Bands, KDJ, and MACD indicators in the 1-hour chart, the overall trend is weak, with the risk of further decline in the short term. Although the KDJ indicator shows that it is in the oversold zone, the three lines of the KDJ are still trending downward, indicating the risk of further decline, and the MACD shows a weakening of bearish momentum and a possibility of a reversal to the upside.

In conclusion, the following suggestions are provided for reference:

Suggestion 1: Long Ethereum near 3430, target 3475, stop loss 3410.

Suggestion 2: Short Ethereum near 3475, target 3430, stop loss 3488.

Instead of giving you a 100% accurate suggestion, it's better to give you the correct mindset and trend. After all, teaching someone to fish is better than giving them a fish. The focus is on the mindset, the grasp of the trend, and the layout and position planning of the market. What I can do is to use my practical experience to help everyone make investment decisions and manage operations in the right direction.

Time of writing: (2024-06-28, 20:10)

(By Coin Master) Disclaimer: The publication on the internet has a delay, and the above suggestions are for reference only. The author is dedicated to research and analysis in the investment fields of Bitcoin, Ethereum, altcoins, foreign exchange, stocks, and has been involved in the financial markets for many years, possessing rich experience in actual trading operations. Investment carries risks, so entry into the market should be cautious.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。