11.18 Ethereum defends 3,000! Strong bottom-carrying capacity! Rebound signals are beginning to appear! Latest market analysis
The current price of Ethereum is 3,100. This time, the 3,000 defense battle has started for several days. It has been held for many consecutive times. It is not ruled out that this round of defense battle will fall below 3,000. Therefore, if bulls want to enter the market, they can choose to find suitable support below the 3,000 mark. Those who have entered the market at 3050 should pay attention to the pressure of 3150 above
As usual, we will start with the price trend analysis. The current K-line pattern price of the market fluctuates in the range of 3100 to 3200, showing a pattern of shock consolidation, with multiple upper and lower shadows. Liying judges that there is a certain selling pressure and support in the market. The technical indicators MACD are currently negative for both DIF and DEA, but the gap is narrowing. The MACD bar chart shows that the short-selling force is weakening, and there may be a golden cross signal.
The relative strength index RSI value is close to 50, which is in the neutral area. It has not entered the overbought or oversold state. The short-term trend is not obvious. The trend indicator EMA7 is lower than EMA30, and the two are gradually approaching, showing signs of a rebound in the short term; EMA120 is far lower than the current price, and the long-term trend is still biased to rise. The idea of following the trend and going low and long remains unchanged, because when the trading volume is high, it means that the willingness to chase the rise is insufficient. When the price is adjusted, the trading volume is slightly enlarged, showing a certain carrying capacity.
Today's latest point reference
Go long at 3030, make up 2980, stop at 2950, target 3100
Short at 3130, make up 3180, stop at 3210, target 3030
The above analysis is based on the conclusions drawn by Du Ge based on the trend analysis of market data and the market, and does not constitute an investment advice. For reference by family members. In the past ten years, Du Ge has been exploring and experiencing hundreds of various digital assets. In this process, Du Ge experienced the glory of the bull market and the bleakness of the bear market. She stumbled along the way and accumulated countless valuable experiences and profound lessons. As a female trader struggling in this challenging field, Du Ge feels a deep responsibility to share her experience and insights, hoping to help other people with dreams find their place in this turbulent market and start their own journey to success.
