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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Ether market analysis
Ethereum and Bitcoin are slightly different, with the Dimark sequence appearing 13. Pay special attention today. DeMark sequence 13 could lead to a further pullback, with a particular focus on the 2,700 level. The vacancy can be seen through EMA7, and it is necessary to observe whether it can stand firm at 10 and successfully turn to 13. Bollinger Bands show that Ethereum may pull back relative to Bitcoin, but not significantly. Using MACD analysis, Ethereum is still stronger than Bitcoin and may usher in new highs. In the short-term direction, it is necessary to pay attention to the 2,700 and 50,500 to 51,000 levels. Continuing to watch whether 27,800 is stable may change our thinking and get out of the uptrend. Although the trading volume may be small over the weekend, it can also trigger large fluctuations. Yesterday it was recommended to open a short position around 51,500 and make a profit of about 1,000 points. The Ethereum direction also recommends closing short orders and resting after taking profits. In terms of Shenzhan coin, adjust the stop loss or full flat according to the strength and weakness. Overall, Ethereum is a strong performer and needs to focus on areas with high transaction volumes. As for the direction of the Big Pie, the long entry is not obvious, you can consider opening a short at a high level, and then consider a long order after observing the key support level.