11.12 Ethereum market trend analysis

! [GaTvxRoqOELJWrg3UpgcMYdHlMa5Iu0tl9dFjEmq.png] (https://img-cdn.gateio.im/webp-social/moments-901ff9e656-663cd37468-dd1a6f-cd5cc0.webp)

Let’s take a look at the daily level trend first, and close the Doji near the upper band of the Bollinger Bands. The high level is weak sideways pattern, and the price trend is currently entering the stage of correction of the high and falling. In terms of MACD, the fast line is above the average cycle moving line, the parallel divergence angle of the two lines is contracting, and the trend points to a sideways narrow range, and the range of up and down fluctuations narrows. The current downward trend of the KDJ indicator J line pattern intersects with the K and D cycle lines, and the intraday price trend does not rule out a further decline, and the local maximum retracement range may be in 2020-2000

At present, the technical side of the weekly level of the medium and long-term indicator still points to a bullish pattern, and it is believed that the adjustment has been completed after a wave of rising and falling. There is still a lot of hope for another hit above 2160-2200. At present, the price trend is in a weak shock, so there is not much to look forward to the future. Let’s get back to the current fundamentals;

! [EDy0etazdGiFLLSG6meNSTlWrPV43wHNIJ07zDv3.png] (https://img-cdn.gateio.im/webp-social/moments-901ff9e656-84dfc4e2cb-dd1a6f-cd5cc0.webp)

In the very short period of 4 hours trend, the price from 2137 shock downward current breakdown of the middle rail support near 2040; MACD fast line below the cycle line, 0 below the volume also showed signs of amplification, KDJ indicator J line in K, D cycle line below continue to reverse and cross, local trend bears have the possibility of re-force. OBV also shows that the bullish momentum is weakening, and there is a risk of volatility lower.

Combined with the indicators of the 1-4 hour zone, the daily trend will most likely be launched below 2020-above 2086 under the premise of no extreme market. Short-term contract operations refer to the ability to place orders within this range. More ultra-fast settlement orders near the real-time current price can be completed with reference to the 15 and 30-minute trend, and it is not possible to send a reference here one by one.

Short-term contract operations can be in the upper 2068–2080 range, take short positions, and take profit to see near 2030 below

Source: Golden Finance