Li Shengting's Ethereum Evening Market Analysis and Trading Ideas on July 20

CN
李聖庭
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9 hours ago

Ethereum's daily upward momentum continues to strengthen this Sunday. From the daily technical indicators, the KDJ indicator is operating at a high level, and the oversold area is continuously moving upward. Currently, this somewhat contradicts the trend of the technical indicators. The MACD indicator is in a strong bullish state with significant volume, while the BOLL indicator is on a continuous upward trajectory, but compared to the previous days, there are signs of weakening. At the same time, the three-day MA moving averages are all arranged in a bullish pattern, but this round of upward trend has not repaired the technical gap created by the five-day moving average. Currently, the upward movement is quite strong, but it is important to note that Ethereum and Bitcoin are both firmly standing on the green TD9 signal, and Bitcoin has already started to decline for a correction, while Ethereum is significantly lagging behind. I personally believe that Ethereum's current unilateral upward situation is very strong, and the accompanying pullback will definitely be greater, so it is necessary to be cautious about a potential washout.

From the 4-hour technical indicators, the KDJ indicator is in a bullish contraction state. Meanwhile, tonight, the short-term coin price touched around 3769 and faced resistance, falling back. Currently, there is some selling pressure in the short term, but the VOL trading volume is still relatively strong. The short-term MACD and BOLL indicators continue to resonate strongly in a bullish manner. Although Ethereum is currently standing firm on the green TD9 upward signal, it is still necessary to be cautious about the risks of chasing high positions. I personally believe that the coin price will experience a new round of technical pullback in the early morning and morning hours.

Ethereum: Short near 3740-3755, Stop Loss: 3787, Target: 3660

Bitcoin: Short near 118000-118800, Stop Loss: 119500, Target: 116500-115000

The above is my personal evening market analysis and operational thoughts. Specific points and directional changes should be based on real-time guidance.

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