Crypto Circle Academician: Is Ethereum at 12.12 a technical rebound or a conspiracy to trick the market? Latest market analysis and short-term strategy reference
Ethereum's current price is 3200, it is now 3:30 AM Beijing time, short-term trading captured 100 points yesterday, and a small position remains, not exited the market but was swept out by the main force, indicators show a bearish trend, combined with previous news from the Federal Reserve raising rates by 25 basis points each time, each time resulting in a sharp drop and market washout, this time dropping directly from 3440 to 3140, washing out most retail investors, now the key support is still at the split line 0.5 around 3170 to the EMA15 trend line at 3122
Before the daily candlestick was published, the highest was 3326, the lowest was 3142, the EMA trend indicator remains unchanged, focus on trend bottom EMA15 support at 3122 and EMA120 trend top at 3518, the candlestick is likely to consolidate in this area over the weekend, MACD remains unchanged in volume, DIF and DEA have come down to below the 0 axis line, the candlestick has also fallen below the upper Bollinger Band 3329, while the middle track focuses on 3035, short-term pullbacks are normal, and the main force may rebound after dropping to 3000
The four-hour candlestick has appeared in a descending flag pattern, EMA trend indicators are shrinking, the candlestick has encountered strong support at the split line 0.5 (3170), trend support to watch is 3110, MACD has been continuously decreasing in volume, DIF and DEA formed a dead cross at high levels, indicating short-term bearish momentum, after the Bollinger Band middle track breaks down, a resistance level of 3230 is formed, the lower track focuses on 3040, short-term strategies can use this as a reference for planning whether to go south or north
Short-term reference: (Practical data has been updated, please consult the author for details)
Southward trial position from 3230 to 3280, defend at 3330, stop loss at 50 points, target at 3150 to 3100, if broken look for 3050 to 3000
Northward trial position from 3100 to 3050, defend at 3000, stop loss at 50 points, target at 3150 to 3200, if broken look for 3250 to 3300
Specific operations should be based on real-time market data, for more information and details please consult the author, there may be delays in article publication, suggestions are for reference only and risks are borne by the reader
