Current market review: Ethereum's current price is 3250, and yesterday the market peaked at 3450. In the cryptocurrency space, greedy sentiment always rises with the market. After breaking 3400, some people began to call for a rise to 4000, causing the market to become tumultuous. However, as a retail investor, do not easily follow the trend; it is essential to remain calm and rationally layout, and not let good market conditions turn into a 'windfall' in the wrong direction.

Yesterday’s trading idea was to establish a long position at 3250; although it was wise to take profits at 3300, this provided everyone with a moment to breathe. After realizing profits, take a break, observe, and adjust; such a rhythm allows for more secure entry and exit without worrying about who is still holding positions or who is continuing to add.

Technical analysis: Price, pattern, and trend. From the price trend, the candlestick pattern on the order book showed multiple upper shadows at 3300, which is also the reason for choosing to take profits at this position—selling pressure at 3300 is quite evident. Subsequently, the candlestick also showed a longer lower shadow, indicating that there is support around 3200, which is the reason for entering a low long position yesterday.

Technical indicators

  • MACD: Currently, both DIF and DEA are positive, indicating that the bullish sentiment in the market is still present, but the MACD histogram has turned from red to green, showing that upward momentum is weakening. Therefore, it is judged that today’s market may enter a sideways repair phase.

  • RSI: The relative strength index has retreated from the overbought zone, currently around 60, indicating that market sentiment has cooled somewhat but remains relatively strong.

  • EMA trend: The short-term EMA7 and mid-term EMA30 show a bullish arrangement, with the long-term trend looking good. However, attention must be paid to whether the short-term EMA will be broken, as this is a key signal for judging short-term market trends.

  • Trading volume: Yesterday, trading volume increased, but then gradually decreased, which is a typical pattern of profit-taking after a sharp rise. The decrease in volume also means that market sentiment is becoming more cautious, waiting for a clear direction.

Trading advice: Capture key points. Currently, the Ethereum market still shows strength; short-term consolidation is a stable signal. What we need to do is wait for the market to emit clearer signals before entering, and not rush.

Short-term operation ideas reference:

Long strategy

  • Entry point: 3200

  • Defensive position: 3150

  • Stop loss point: 3120

  • Target position: 3300

Short selling strategy

  • Entry point: 3350

  • Defensive position: 3400

  • Stop loss point: 3430

  • Target position: 3250

Summary: Under the strength of Ethereum, the market has entered a repair phase, and further directional guidance may be needed for future trends. The current strategy still focuses on short-term operations, taking advantage of the support position around 3200, setting reasonable stop losses, and taking profits at the right time. At the same time, wait for a resurgence in market sentiment or further adjustment signals, do not chase highs or act blindly, and only act when the direction is clear.

The opportunities in the cryptocurrency space can also be traps. Maintaining calm and making rational judgments amidst market noise is crucial to avoid being swayed by emotions.

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