Li Shengting: 7.3 Ethereum Afternoon Market Analysis and Trading Strategy

Ethereum's price surged again this morning. From the daily technical indicators, the KDJ and MACD indicators are showing a golden cross pattern and are rising. The BOLL indicator is currently oscillating above the middle band, but there are no substantial signs of opening, which indirectly indicates that there is some selling pressure above. Currently, Ethereum has successfully risen above the five-day moving average again, but the ultra-short-term price has created a certain technical gap with the five-day moving average. I personally believe that Ethereum is likely to fill this technical gap in the evening.

From the 4-hour technical indicators, the KDJ indicator and MACD indicator are continuously strengthening, while the BOLL indicator's middle track is moving upward but has not opened towards the upper track area. Currently, the short-term BOLL indicator has shown some breakouts. Although the MA three-day moving averages have a strong upward sentiment, there is currently a technical gap with the five-day moving average in the short term. Therefore, it is highly likely that there will be a pullback adjustment in sentiment during the afternoon, and the trading strategy for the afternoon and evening suggests focusing on shorting on rebounds.

Ethereum: Short position near 2600-2620 Stop loss: 2658 Target: 2550

Bitcoin: Open short positions around 109500-110000 Stop loss: 116000 Target: 108500-108000

The above is my personal midday market analysis, for your reference only. The specific points are subject to real-time guidance.