Coin Circle Liying: 9.18 Rebirth from the Haze! Can Ethereum Reverse the Situation in the Short Term? Latest Market Analysis

CN
1 year ago
  • Title: AICoin: Rebirth from the Haze on September 18th! Can Ethereum Reverse the Situation in the Short Term? Latest Market Analysis

  • Article Release Time: 2024.9.18—09:50

  • Content: Ethereum's current four-hour K-line has seen three consecutive declines. From the perspective of the K-line pattern, the overall trend is weak, fluctuating within the range of 2300 to 2400 in the near term, showing significant oscillation and consolidation. On the 17th, a long upper shadow line appeared, indicating significant selling pressure from above. Unlike Bitcoin, which has a bullish extension, Ethereum's short position is much stronger.

    Technical Indicators:

  • MACD: The fast and slow lines of the 4-hour MACD are both below the zero axis, but there are signs of convergence, indicating a possible short-term rebound. The daily MACD is still in the bearish zone, showing an overall weak trend.

  • RSI: The 4-hour RSI is close to 50, indicating a neutral to weak market sentiment.

  • EMA: The current price is between EMA7 and EMA30, and below EMA120, indicating an unclear short-term trend and a medium to long-term bearish trend.

    Volume: The trading volume on the 17th significantly increased, indicating intense competition between long and short positions. In recent days, the trading volume has decreased, and the market sentiment is cautious, suggesting that Ethereum still has the potential to explore the bottom. The bottom has been continuously explored, and the top has been continuously decreasing, showing a significant decoupling from Bitcoin.

    Comprehensive Judgment: AICoin believes that in the short term, the trend will first explore the bottom and then extend.

    Today's Latest Reference Points: Risk control comes first, trading comes second.

  • Long position entry point: 2300, additional purchase point: 2270, stop loss: 2240

  • Short position entry point: 2400, additional purchase point: 2450, stop loss: 2480

    The above analysis is based on market data and trend analysis of the order book, and is for reference only. It does not constitute investment advice. For the reference of family members. Over the past decade, AICoin has continuously explored and experienced hundreds of different types of digital assets. In this process, AICoin has experienced the brilliance of the bull market and the dimness of the bear market, accumulating numerous valuable experiences and profound lessons. As a female trader who has been striving in this challenging field, AICoin feels a responsibility to share her insights and hopes to help others with dreams find their position in this unpredictable market and embark on their own journey to success.

    Note: The content of the article is time-sensitive and is for reference only. Please bear the risks.

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