Hello everyone, I am Xiaoyu. Everyone is paying attention to the continuous rise in Ethereum prices, which reached their highest point in nearly three weeks today (23rd)
Hello everyone, I am Xiaoyu. Everyone is paying attention to the continuous rise in Ethereum prices, which reached their highest point in nearly three weeks today (23rd). In Xiaoyu's writing, the price is now $1695, an increase of about 3.56% in the past 24 hours.
As shown in the above figure, in the four hour line, we can see that the K line directly broke through the 1630 resistance level in the early trading session and broke through the limits of the 5-day moving average and the 10 day moving average. However, we need to note that the MACD short-term is at a high level, and the KDJ and RSI indicators of the three line 80 bearing pressure have the possibility of stepping back. Overall, there may be a pullback in the short term, but Xiaoyu believes we have reason to remain optimistic. If we can stabilize at 1630 in the future market, we will continue to be optimistic about the upward trend of Ethereum, otherwise there is still a risk that the K-line may fall to 1600.
Xiaoyu believes that this achievement marks the gradual recovery of the Ethereum market, and the steady improvement of confidence among traders and investors. Let's focus on the future development of Ethereum and look forward to its market performance continuing to maintain strong momentum.
Less than suggestion: Ethereum is bullish around 1640 to 1660, bullish around 1720 to 1730, and stop loss is 1570
Xiaoyu Reminder: The strategy is for reference only. There are always risks in investing, and friends should make decisions based on their risk tolerance and investment goals.
If you have any questions about the above content, you can directly ask Xiaoyu. As long as Xiaoyu knows about it, he will definitely speak up
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