8.5 Ether Market Analysis


Ether rose in the morning, breaking the 3700 level but failed to stabilize, and has now fallen back to around 3660. The Bollinger Bands on the hourly chart are about to tighten, with last month's closing at 3750 confirming the pressure for this week. The MA moving averages have completed one wave of upward movement, and the subsequent bullish momentum is weak, suggesting a bearish outlook. The MACD in the auxiliary chart shows a dead cross gradually expanding, while the KDJ on the technical side is at the mid-point, indicating that the short-term Ether market will mainly be in a range. Overall, if Ether breaks the pressure without volume, one can patiently wait for a rebound before setting up short positions.
Operation suggestion: short in batches at 3700-3730
Target: 3610-3510
Risk Control:3750
ETH4.94%
MA-3.16%
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