Red Sister's Cryptocurrency Circle 7.9 (Written at 8:10) Today's Ethereum ETH Market Analysis and Trading Suggestions:

The current price of Ethereum is around 2610. Recently, the price has been fluctuating near the middle band of the Bollinger Bands towards the upper band, and it has broken through the upper band, indicating short-term upward momentum. Overall, it is in a strong fluctuation pattern. In the short term, the price has further upward potential, but attention should be paid to the risk of a pullback. The technical indicators show that several indicators are in an overbought situation, such as RSI and KDJ, indicating a possibility of a short-term price pullback. In particular, the appearance of a top formation confirms the existence of phase pressure. At the same time, the MACD histogram has contracted, showing that momentum is beginning to weaken, and market sentiment changes should be monitored. Red Sister suggests that short-term investors can adopt a strategy of reducing positions on rallies or waiting on the sidelines to avoid chasing prices in the overbought area. Additionally, pay attention to whether the price can stabilize near the upper band of the Bollinger Bands at 2610; if it faces pressure, it may further retreat to the middle band support around 2550. Mid to long-term investors can wait for a short-term technical pullback before looking for opportunities to go long, with the lower band position serving as a stop-loss point to mitigate risk. The current K-line pattern shows a top formation, indicating a possible short-term pullback; at the same time, it is fluctuating near the upper band of the Bollinger Bands. The price has broken through the upper band in BOLL, increasing volatility, and the market shows a strong fluctuation pattern, requiring attention to the effectiveness of the upper band support. In RSI, the indicator shows short-term overbought conditions, with RSI(6) above 76, necessitating caution for potential price adjustments. In MACD, the DIF line crosses above the DEA line forming a golden cross, with green bars expanding, indicating a short-term bullish trend but not extremely strong momentum. The KDJ three-line indicator is at a high level, with a J value of 96 indicating overbought conditions, requiring vigilance against short-term pullback risks!

Buy Point: ≤2555 long, stop-loss below 2490, take profit at 2620-2675, if it breaks above 2690-2700, you can continue to hold;

Sell Point: ≥2670 short, stop-loss above 2740; take profit at 2610-2560; if it breaks below the key support of 2500-2540, you can hold until below 2500;

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 cryptocurrency 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 taken step by step! The ocean of the cryptocurrency circle is vast and boundless, filled with opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.

Remember, the cryptocurrency circle is not just about numbers and charts, but also about humanity, decision-making, and the art of 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 cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of the cryptocurrency circle, realizing your value and dreams. Wherever and whenever, Red Sister cheers for you, looking forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency circle, returning with a full load!

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