Coin Circle Red Sister 6.29: Today's Ethereum (ETH) latest market analysis and trading suggestions!

CN
9 hours ago

Red Sister in the Crypto Circle 6.29 (Written at 7:00) Today's Ethereum ETH Market Analysis and Trading Suggestions:

Ethereum is currently priced near 2440, with the overall market showing a trend of oscillation and decline. The price is near the middle band of the Bollinger Bands, and there are no clear signs of a breakout or reversal. In the short term, the market may continue to maintain a state of oscillation and consolidation, with the narrowing of the Bollinger Bands reflecting low volatility characteristics, making the price direction temporarily unclear. Although the KDJ and RSI indicators show some recovery in market sentiment, the MACD's volume trend still indicates that the bullish and bearish forces are in a stalemate, making it difficult to see a clear trend in the short term. Key levels at 2400 and near the upper and lower bands of the Bollinger Bands impose certain constraints on the current trend. Given that the market is in a consolidation range and lacks clear trend signals, Red Sister suggests adopting a wait-and-see approach for now, without rushing to enter the market, to await clearer market direction. Closely monitor whether the price breaks through the upper band at 2476 and the lower band at 2397; if the price effectively breaks these key levels, the trend may undergo a significant change, and trend-following operations can be considered. Short-term trading opportunities during the consolidation period can be combined with short-term indicators, such as the short-cycle fluctuations of KDJ or key levels marked by TD, for high selling and low buying, but risk must be strictly controlled. The current market is still primarily characterized by narrow oscillations, and caution should be maintained during operations to avoid blindly chasing highs and cutting losses, with strict control over positions and risks. Recent candlestick patterns show doji and bottom formations, indicating potential rebounds within the oscillating downward trend. The Bollinger Bands are currently flat, with prices near the middle band, indicating that the market is in a low-volatility consolidation phase. In KDJ, the three lines have risen from low levels to the middle, showing a recovery in market sentiment, but the bullish trend is not obvious. In TD, the historical turning point coincides highly with TD "9," with recent signals being weak and in a consolidation state. The RSI is around 50, indicating that the market is recovering from oversold conditions to neutrality, with no trend direction signals at present.

Sell Point: ≥2475 short, stop loss at 2525; take profit at 2435-2400; if it breaks below the key support at 2390-2370, it can be held;

Buy Point: ≤2400 long, stop loss below 2370; take profit at 2440-2475-2510; if it breaks above 2520, it can be held to around 2550; entry should be made under strong support below the 4h lower band;

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 an endpoint, 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. Continuously learn 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. Wherever you are, 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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