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6.2 Ethereum market analysis and trading strategy
From the daily technical indicators of Ethereum, the current coin price has risen above the five-day moving average. At the same time, the coin price is undergoing box-type oscillation adjustment around the 2500 level. The current KDJ technical indicator and MACD technical indicator continue to oscillate upwards, while the MA five-day moving average and MA ten-day moving average are trending upwards. The BOLL technical indicator is continuing to narrow its bands, so the coin price may likely consolidate around 2500 for adjustment during the day. Additionally, the signs of a strengthening low MA thirty-day moving average have not changed. Based on the current daily technical indicators, I personally suggest a more prudent approach of making long positions on pullbacks.
From the perspective of 4-hour technical indicators, KDJ technical indicators and MACD technical indicators continue to be in the bullish volume stage, BOLL technical indicators in the currency price close to the middle track, short-term MA5 daily moving average and MA10 daily moving average are in the shock adjustment stage, from the daily and short-term point of view, I personally believe that after the end of the shock, the currency price will continue to fluctuate upward, the upper high pressure level can be referenced: 2713-2763 nearby
Ethereum: Buy in increments near 2500-2475 Stop loss: 2413 Target: 2580-2620
Bitcoin: Long position near 105000-104500 Stop loss: 103500 Target aiming for 106000-107500
The above is a personal midday market analysis, with specific points and directional changes based on real-time guidance.