Coin Zone Trend: This Week’s Big Data on Ethereum Price Trends (2017-06-19)

ETH Weekly Report | Control risks and focus on breakthroughs
1. Market highlights <br/>Current Ethereum price: 2692
Volatility last week: 25.33%
Operational suggestions: Strengthen risk control

2. Trend Analysis <br/>After another sharp rise last Monday, the price of Ethereum has entered a period of adjustment and volatility. As prices continue to rise, risks are also accumulating further. While pursuing profits, we must also have a good risk control strategy.
Looking at the daily chart, the moving average system (5, 10, 20) has a good bullish arrangement, and the MACD indicator is still running in the mandatory area, and there is no top divergence. It is worth noting that although the price is rising, the trading volume is gradually shrinking. Backtesting the historical trend shows that when the bulls break through the consolidation zone with a medium-sized positive line with a moderately enlarged trading volume, the market outlook is still bullish.
Looking at the weekly chart, the degree of market risk accumulation can be seen from the inclination angle of the moving average system, and the trading volume has tended to shrink in the past three weeks, while the price of the currency has accelerated. The stochastic indicator and the strength and weakness indicator are blunted in the forced area, and the reference effect has decreased. As analyzed last week, we should be careful of the currency price falling back to MA5.
Overall, the market has loosened its chips, and the volatility may further intensify in the future. If the bulls can raise the price again and break through the consolidation pattern, the market outlook will still be bullish. Short-term investors should put risk control first and protect book profits. Long-term investors can appropriately lock in part of the income, but should not ignore risk prevention strategies.