Wave Riding in Cryptocurrency: 6.12 Ethereum (ETH) Market Analysis Reference:

The daily market for Ethereum continues to experience range-bound fluctuations. The Bollinger Bands at the daily level are opening downward overall, with the price operating between the lower and middle bands. The short and long-term EMA moving averages exhibit a bearish arrangement, and the current EMA7 shows significant pressure on the price, with the medium-term downward trend not fully reversed. The MACD indicator's DIF and DEA are operating below the zero axis, with the histogram contracting and the downward momentum diminishing; the KDJ indicator's three lines are in the middle area, turning upward and diverging; the RSI indicator has not entered the overbought zone, suggesting that the overall decline is temporarily easing, but bulls have not yet formed a strong reversal signal at the daily level. The short-term trend is likely to continue low-level fluctuations. If it fails to break through key moving average resistance, there remains a risk of another downward probe.

In the short-term 4-hour chart, prices have started a phased stabilization rebound from a low point of 1503, currently consolidating in a narrow range around 1675. The Bollinger Bands have opened and then flattened, with prices relying on the lower band to rise and oscillating above the middle band; the short-term EMA moving averages are gradually flattening, and prices are stabilizing above the short-term averages. The MACD indicator is operating near the zero axis, with no significant increase in volume, and upward momentum is somewhat weakened; the KDJ indicator's three lines are in the high region, indicating some overbought pullback pressure; the RSI indicator is in a neutral to strong range, without extreme signals. The short-term bias in the 4-hour level is towards consolidation; if it fails to break upwards effectively above the upper boundary of the range, a slight pullback is likely; only if it stands above the key resistance level will the rebound continue, with short-term operations focusing on high selling and low buying within the range.

Wave Riding in Cryptocurrency: 6.12 Ethereum Short-term Reference:

Short Position: Sell in the 1725-1685 range, stop loss 30 points, target 1665-1635,

Long Position: Buy in the 1610-1650 range, stop loss 30 points, target 1660-1700,

[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategy does not possess timeliness. Please do not operate blindly.]

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