As a senior figure in the crypto circle, I have been deeply involved in this charming and challenging field for many years. I have experienced multiple ups and downs in the crypto market, witnessed the rise and fall of countless currencies, and accumulated rich practical experience and unique market insights. Investment is a long-term practice, and the crypto circle is no exception. Keeping learning and continuously improving one’s cognition and judgment ability is the only way to move steadily forward in this challenging field.
Crypto Circle Old Yang: Ethereum Market Analysis on November 28, 2024
The daily K-line of Ethereum fluctuates between 3300 and 3680. The key resistance and previous highs on the daily line have been broken, with major resistance above 3900. The EMA12 trend support has risen to 3353, and the bullish network expansion trend has not stopped, indicating that the rebound will continue. Although the MACD volume increase is not significant, the natural upward extension of DIF and DEA is evident. The overall top divergence situation continues, and the Bollinger Band is contracting with the upper track of 3600 lost. The current overall trend is bullish, and the shorting opportunity is not yet mature. Investors should pay attention to the development of the bullish market, seize potential opportunities, and monitor indicator changes to flexibly respond to subsequent trends.
The four-hour line of Ethereum faces key resistance at the rising pattern, whether 3680 can form effective pressure is highly concerned. The EMA12 trend support is at 3500, and a pullback to this support may be a good opportunity to enter. MACD is expanding with a gradient indicator, and DIF and DEA continue to spread upwards. The K-line has broken through the upper Bollinger Band at 3650, and the bullish trend remains strong. The operational strategy should mainly focus on buying on dips, while shorting should be an auxiliary strategy. Close attention should be paid to price fluctuations at key points to make precise entry decisions.
Short-term strategy:
Short position from 3780 to 3850, add position at 3930, stop loss at 50 points, target at 3600
Long position from 3400 to 3480, add position at 3350, stop loss at 50 points, target at 3650
Disclaimer: The above analysis only represents the author's personal opinion and does not constitute specific operational advice. Trading based on this analysis is at your own risk. Investment has risks, and one must be cautious when entering the market.
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