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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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6.16 crypto world Mr. Coin: Ethereum (ETH) market analysis reference
The market continues to maintain a weak consolidation, with two rebounds during the day being resisted around the 2560 level and currently trading near the 2550 position. Although it is close to the resistance level in the short term, the subsequent rebound strength is not strong, and there is a pullback occurring. Therefore, it is not recommended for everyone to blindly chase the rise, as it may lead to unnecessary losses due to a market reversal.
On the short-term hourly chart, the Bollinger Bands are narrowing downwards, with the price movement operating in the lower-middle band area. It has touched the low around 2505 and has rebounded, with the coin price nearing the midline. However, the rebound lacks strength. In the auxiliary indicators, the MACD lines are tending to be parallel with signs of a golden cross, and the RSI has turned upward. Therefore, it can be seen that there is a possibility of a short-term rebound, with resistance to watch at 2591. We will primarily focus on short positions at high levels.
6.16 Ethereum short-term reference:
The lower trial warehouse point is 2645-2585, defend by adding at 2800, stop loss: 50, target below 2530,
The upper test range is 2405-2355, with a stop loss of 30 points and a target above 2480.
There is a delay in sending the article, and the strategic suggestions are for reference only. The market changes rapidly, no matter how accurate your judgment of the market is, you must always set stop-loss and take-profit orders. Lock in profits for safety # #BTC# .