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ETH Morning Analysis
Bulls finally trampled and grinding, Middle East situation unresolved, strictly forbidden to bottom fish
The Middle East situation continues to escalate, Israel comes under attack resulting in massive casualties, Iran states the battle will enter a new phase. Trump then issues an ultimatum to Iran, demanding unconditional opening of the Strait of Hormuz within 48 hours, otherwise will strike its power plants.
Affected by the situation, the crypto market daily line closes with bearish breakout of phase new lows, Bollinger Bands contraction slowing, KDJ death cross declining, MACD also forms death cross, bearish momentum emerging, intraday still mainly reflects rebounds with short entries.
Trading Suggestions
ETH Rebound to 2100-2150 zone for short entries, target looking lower at 2060-2000, break below see 1960
Above is personal opinion, for reference only. Specific operations subject to Shipan#Gate13周年全球庆典