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ETH analysis on the morning of July 9, 2025
Direction: Sideways consolidation
Resistance point above: 2660
Support level below: 2558
Current trend: The Bollinger Bands have opened with three lines trending upwards. The MA5 and MA10 have crossed into a golden cross and are moving upwards. Currently, from the hourly chart, it is consolidating between the middle and upper lines of the Bollinger Bands. The MA5 has started to converge and is below the MA10, looking towards the lower level of 2570. If it can stabilize above 2600, there is potential for a continued upward movement to the 2630-2660 range.
The MACD golden cross upward fast line starts to converge, and the bullish volume weakens.
RSI death cross descending 50-54, based on various indicators and K-line analysis, it is in a consolidation phase.
Trading strategies can operate with high short and low long positions near resistance and support levels.
(Note: The cryptocurrency market is highly risky, and the above analysis is for reference only. Actual operations should be based on individual risk tolerance.) #GT 2025第二季度销毁 #Gate VIP理财送茅台 #特朗普关税