11.29 Latest analysis of ETH market
Currently, ETH is oscillating near 3020, with a tug-of-war between bulls and bears awaiting signals. After a drop of 90 points alongside BTC yesterday, it slowly rebounded, and today's trading session is expected to have limited volatility.
Daily: Fluctuating above the middle track of the Bollinger Bands at 3003, overall leaning bullish; MACD dual lines are converging, with red bars decreasing (bullish momentum weakening); RSI is neutral to strong (around 55), KDJ-J value is 25 (short-term rebound demand).
4-hour chart: The Bollinger Bands are narrowing, and the price is consolidating at the middle band (volatility is decreasing); range: upper band 3090 (resistance), lower band 2990 (support), waiting for a directional choice.
Operation Suggestions
Pull back to the vicinity of 3010-2980, target at 3050, 3080.
Please maintain strict defense.
Currently, ETH is oscillating near 3020, with a tug-of-war between bulls and bears awaiting signals. After a drop of 90 points alongside BTC yesterday, it slowly rebounded, and today's trading session is expected to have limited volatility.
Daily: Fluctuating above the middle track of the Bollinger Bands at 3003, overall leaning bullish; MACD dual lines are converging, with red bars decreasing (bullish momentum weakening); RSI is neutral to strong (around 55), KDJ-J value is 25 (short-term rebound demand).
4-hour chart: The Bollinger Bands are narrowing, and the price is consolidating at the middle band (volatility is decreasing); range: upper band 3090 (resistance), lower band 2990 (support), waiting for a directional choice.
Operation Suggestions
Pull back to the vicinity of 3010-2980, target at 3050, 3080.
Please maintain strict defense.