Ethereum's coin price has been in a range-bound oscillation phase today, and there have been no significant changes in the daily technical indicators. Currently, the Ethereum coin price is still oscillating around the 2330 level. The KDJ and MACD technical indicators are still in a technical rebound phase, while the BOLL technical indicator is still running in the lower track area with signs of a slight rebound. Currently, the coin price is still running near the MA5 moving average line for oscillation adjustment. Overall, from the perspective of the daily technical indicators, the bullish trend is still good, but there is no significant volume for a substantial increase.
Looking at the 4-hour technical indicators, the KDJ technical indicator is still rising, and the MACD technical indicator is showing a golden cross upward. The MA5 moving average line and the MA10 moving average line are still pressing upward together, but the high point MA30 moving average line continues to weaken. Taking into account the short-term and daily perspectives, our trading strategy in the early morning still suggests focusing on long positions on pullbacks. At the same time, the recent short-term pullback in the evening did not effectively cause damage to the downside, so naturally, we will first look at the rebound for technical adjustment in the early morning.
Ethereum: Long positions can be taken near 2340-2320, and partial positions can be added near 2290. Stop loss at 2257. Target price range: 2380-2430
Bitcoin: Long positions can be taken near 56800-56200, and partial positions can be added near 55700. Stop loss at 55000. Target price range: 57800-58600
The above is my personal early morning market analysis. If you have any questions, you can leave a comment in the comment section or follow my WeChat public account to find me.
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