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北京时间凌晨2:55,Ethereum current price around 3338.
The main force just now strongly broke through the 3300 barrier, and we decisively exited at this position. From 3100 to 3300, a profit of 200 points was safely secured. This wave of operation was quite excellent. Here is a reminder to everyone: if BTC can successfully attack the ten-thousand mark, Ethereum is likely to be suppressed in the 3550-3600 range, which would be the golden moment for short-term shorting. The current market is in a high-level oscillation and consolidation phase. It is recommended to watch and see if there is a clear opportunity to go short.
Looking at the daily K-line, before the article was published, the high touched 3400, and the low dipped to 3280. The EMA trend indicator is contracting, and the price is still oscillating back and forth at a high level. Keep an eye on the support at 3170, and be cautious of resistance at 3590. MACD is continuing to expand, indicating that the short-term upward momentum has not yet turned. After a pullback, there is still a chance to go long. The upper band of Bollinger Bands is forming pressure around 3345, and if the middle band at 3100 holds, it can serve as support. Short-term, look for opportunities around the 3260 level.
Now, looking at the four-hour level: short-term support depends on the EMA15 at 3245 and the integer level at 3200. The EMA indicator is diverging upward, and the upward pattern has not been broken. But be careful, although MACD continues to expand, there are signs of top divergence. The main force still has the momentum for three more attempts to break higher, but danger is approaching. The upper band of Bollinger Bands has moved to around 3380, KDJ has formed a death cross, and RSI has reached the edge of extreme overbought! This indicates that a correction is needed before the next round of upward movement. The smartest move now is to wait.