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Crypto Circle Academician: Ethereum (ETH) latest market analysis reference as of 2024.11.30.
Ethereum's current price is 3578. It is now 4 AM Beijing time. Ethereum has returned to the neckline. My thinking is very simple: the pullback must be effective to go long. The target is the previous high of 3688. If it breaks, continue looking upward. The rotation of the second-tier tokens has already begun, and there's still time before it ends. As long as the support neckline is confirmed, we can go long, following the trend. Therefore, the long position at 3550 yesterday was effective for entry. Ensure to defend and set a stop loss. If wrong, exit with a small loss; if right, hold and look to the previous high.
Daily K-line before publication: highest 3650, lowest 3535. The EMA trend indicator remains bullish, EMA15 support has moved to 3345, still stretching and expected to stretch to above 3450 close to 3500 to form new support and continue the bullish trend. MACD is expanding upward, DIF and DEA are diverging bullishly, the Bollinger Bands are opening, and the K-line has returned to the channel, temporarily constrained by the upper rail of 3642. The resistance level has already been lost, so we can continue looking upward for new resistance points.
The four-hour K-line has formed a clear ascending flag pattern. If the bulls hold above 3500, you can maintain your position; otherwise, if it breaks, a short-term downtrend could target 3400. The MACD has formed a top divergence with decreasing volume, and there is a trend of contraction in the Bollinger Bands. The upper rail resistance is at 3735, and the middle rail support is at 3535. The strategy should focus on low long positions as the main approach, with shorts as a supplement. As long as the trend remains unchanged, all pullbacks can be looked at for entry points.
Short-term reference: Safety first, remember that the market is never 100%, so always set a stop loss. Safety first, small losses for big profits is the goal.
If the upper level of 3800 to 3850 does not break, go short, defend 3900 to 3950, stop loss 50 points, target 3700 to 3600, if it breaks, look for 3500 to 3450.
Go long if the lower level of 3450 to 3500 holds, defend 3400 to 3350, stop loss 50 points, target 3600 to 3650, if it breaks, look for 3700 to 3750.
Flag indicator reference:
If the lower level of 3530 to 3500 holds, go long, target 3600, stop loss 20 points.
If the lower level of 3530 to 3500 breaks, go short, target 3400, stop loss 20 points.
If the upper level of 3640 to 3650 does not break, go short, target 3550, stop loss 20 points.
If the upper level of 3640 to 3650 breaks, go long, target 3730, stop loss 20 points.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, and suggestions are for reference only. Risks are borne by the reader.
This article is exclusively contributed by the Crypto Circle Academician and represents only their unique perspective. They have in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others. Due to the timing of article publication, the above views and suggestions are not real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Control your position reasonably; do not operate with heavy or full positions. The Academician also hopes that investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and stay calm. It is not too late to act when the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards goodness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unintentionally. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Crypto Circle Academician wishes you a pleasant investment experience!
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