Li Ying in the cryptocurrency circle: Anticipation for 12.1 is heating up! The wave of Ethereum's upward movement is coming! Market participants are active! Latest market analysis
Article published on 2024.12.1----01:45
Ethereum is currently priced at 3683, the upward trend has arrived as expected. I did not choose to enter at the 3700 short position because I was worried about continued upward movement and missed the entry point at 3530 before the upward trend. Li Ying seeks stability, whatever is stable is welcome, so missing out on Li Ying is not regrettable; rather, I look forward to Ethereum reaching unprecedented heights. Therefore, Li Ying's belief is the historical peak; all of this is external talk, let's look at the current market situation.
Li Ying still analyzes from the price trend; the K-line pattern fluctuates within the 3600 to 3700 range, forming a relatively stable consolidation zone. On the 27th, a long bullish candlestick appeared, breaking through the previous high and accompanied by a large trading volume, showing strong upward momentum. The technical indicator MACD: current DIF and DEA are both positive and continue to rise. The MACD histogram shows a bullish trend but shows signs of weakening. Li Ying suggests everyone pay attention to subsequent changes.
The Relative Strength Index (RSI) is currently at 62.94, close to the overbought area, and may face short-term pullback pressure. The trend indicator EMA7 has crossed above EMA30 and is far from EMA120, indicating a positive medium to short-term trend, but one should be wary of the adjustment risk after excessive deviation from the long-term moving average. Trading volume has increased, especially during the significant rise on the 27th, showing active market participation. As prices enter the consolidation range, the volume has slightly shrunk, indicating an increase in market wait-and-see sentiment. Therefore, Li Ying judges that the market will continue to consolidate at a high level to build momentum before stretching further to break the previous high.
Today's latest point of reference
Long position at 3600, add at 3550, stop at 3500, target 3750
Short position at 3750, add at 3800, stop at 3850, target 3600
The above analysis by Li Ying is based on market data and trend analysis of the order book and does not constitute investment advice. For reference by family members. Over the course of ten years, Li Ying has continued to explore, experiencing hundreds of different digital assets. In this process, Li Ying has experienced the brilliance of bull markets and the gloom of bear markets, encountering numerous bumps along the way, accumulating countless valuable experiences and profound lessons. As a female trader working hard in this challenging field, Li Ying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The article content is real-time, for reference only, risks are to be borne by oneself
