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Market analysis: The current price of ETH is around 3030, and the price has bottomed out and rebounded, constrained to operate within the two-hour range of 2990-3050. The upper stop loss point is 3120, and the lower stop loss point is 2940. This wave of retracement is the bottom starting point of the pattern ahead of the 2871 break, but the monthly line level has rebounded to the position of the 30 day moving average for the first time. The two-day and 5-day TD indicators have simultaneously bottomed out, and the main trend is still low long. Observing the breakthrough of the upper moving average one by one, we can only layout short-term long orders at present. Radical short-term trading is mostly around 3013, with a stop loss point of 3000. Steady considerations are around 2970-2980, with a stop loss point of 2940.
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
