Cryptocurrency Waves: 8.6 Ethereum (ETH) Market Analysis Reference:

Ethereum is currently priced at 1905, with its daily line running above the middle band of the Bollinger Bands, and the medium to long-term moving averages continuing to trend upwards, providing a bottom support effect for the price. The MACD is below the zero line, steadily narrowing, and the bearish force is continuously diminishing; the KDJ forms a golden cross extending upwards, while the RSI remains stable in the neutral zone, without entering the overbought area. The bullish sentiment is gradually repairing, but there is considerable selling pressure at previous high points, making it temporarily difficult to break out of a unilateral trend; the overall situation is dominated by range oscillation, and whether it can expand upwards in the future requires continuous observation of the strength of the breakthrough in the upper pressure area.

In short-term cycles, the price is oscillating near the upper band of the Bollinger Bands on the 4-hour level, with short-term moving averages showing a bullish arrangement, and the trend structure remains relatively strong. The MACD continues to maintain bullishness, and there are currently no signals of a top divergence. The KDJ's upward pace has slowed after reaching a high position, with upward momentum gradually depleting, and RSI is in a slightly strong range. The short-term bullish pattern still exists, but after a sustained upward movement, a lot of momentum has been consumed, and it is highly probable that it will enter a phase of oscillation and digestion in the short term. For the bulls to continue their momentum, it is necessary to hold the current support around 1875. This position is a densely traded platform for the recent rebound, and combined with the resonance of short-term moving averages, it serves as a watershed for short-term strength and weakness. The operating suggestion is to sell high and buy low within the range.

Cryptocurrency Waves: 8.6 Ethereum Short-term Reference:

Short Position: Short in the range of 1955-1925, stop loss above 1985, target looking at 1900-1860,

Long Position: Long in the range of 1835-1865, stop loss below 1800, target looking at 1890-1930,

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