Red Sister in the Crypto Circle 7.12 (Written at 7:48) Today's Ethereum (ETH) Market Analysis and Trading Suggestions:

The current price of Ethereum is nearly 2950. After a surge yesterday, it has retraced and is currently oscillating at a high level, approaching a stagnation phase following the previous uptrend. From the 4H chart, various technical indicators and candlestick patterns indicate a signal for short-term adjustment, but the overall trend remains bullish. In the short term, the market is facing overbought pressure, and signs of weakening bullish momentum are gradually emerging. The KDJ indicator is close to a death cross, the RSI indicator has exited the overbought zone, and the MACD momentum bars are shrinking, all suggesting a potential price correction in the short term. However, the EMA moving averages are still in a bullish arrangement, and the BOLL bands are widening, indicating that the upward trend has not been completely damaged. The short-term trend may primarily focus on corrective adjustments, and the effectiveness of key support levels should be monitored. Red Sister suggests that if the price adjusts down to the key support level of 2797 and receives effective support, one could consider entering long positions at lower prices. After entering long positions, it is essential to observe the support role of short-term moving averages, with target price levels around the oscillation high of 3010.

If the candlestick further rebounds to around the high point of 3040 and shows signs of pressure, one could consider entering short positions. Of course, this should be combined with the resonance of the KDJ death cross and MACD death cross, allowing for short-term short positions. The target for short positions could reference the BOLL middle track around 2797; currently, it is in a strong oscillation adjustment range after a strong trend, and the short-term trend is unclear. Conservative investors may wait for further confirmation of direction. If the price breaks through 3040 and effectively stabilizes, it can confirm that the bulls are attacking again, making it suitable to follow the trend! Overall, there is a short-term adjustment risk in the market, but the mid-term bullish pattern has not been completely destroyed, and one should continue to maintain a bullish stance for entry! Follow the trend! The technical pattern shows that the distance between the MACD DIF line and DEA line is narrowing, and the histogram is shortening, indicating weakened momentum, and the price may face a downward adjustment risk. Attention should be paid to whether the death cross can form or if there is a divergence opening upwards; in the KDJ, there are signs of the three lines approaching a death cross at a high level, indicating a demand for adjustment in the short-term overbought state. In the RSI, the indicator in the overbought zone is turning downwards, with short-term momentum weakening, while the mid to long-term trend still leans towards bullish. The EMA moving averages for short, medium, and long-term are all in a bullish arrangement, but the distance is narrowing, requiring attention to the performance of short-term support. In the BOLL, the candlestick position is close to the upper Bollinger band, and the bands are clearly expanding, indicating increased volatility and that the trend may face adjustments.

Short position trial entry point: ≥3010 short, stop loss above 3050; take profit at 2940-2880-2820 points; if it breaks below 2800-2790, it can continue to hold;

Aggressive buy point: ≤3050 long, stop loss below 3000; take profit at 3100-3150-3200;

Conservative buy point: ≤2830 long, stop loss below 2750, take profit at 2930-3020, if it breaks above 3030-3050, it can continue to hold;

There may be delays in article review and push notifications; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!

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Thus, our journey in the crypto circle begins to move towards a broader new starting point, and it is by no means the end, as the road is still long and must be walked step by step! The ocean of the crypto circle is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.

Remember, the crypto circle is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of the crypto circle, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the crypto circle, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the crypto circle, returning with a full load!

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