Li Ying in the Crypto Circle: No Pullback in the Overbought Zone at 12.6! How Much More Upside Is There for Ethereum? Latest Market Analysis

Article Published on 2024.12.6----02:30

Ethereum Current Price 3900, Li Ying's Entry Point at 3550. Just a reminder not to rush to exit, especially for those who entered at 3300 and 3450. Holding for 4000 is not the focus; finding positions can let profits run. If we break through key support on a pullback, we can take profits. No matter where it ends up, we can secure our gains. For those who haven’t entered yet, just follow the trend and continue to buy on the pullbacks.

Now let’s look at Li Ying's analysis. Currently, the K-line pattern in the market shows a clear upward trend, particularly with the large upward candles on the 4th and 5th. From the 3rd to the 5th, an ascending triangle breakout pattern formed, indicating strong bullish sentiment in the market, aligning with Li Ying's thoughts. The MACD histogram is continuously expanding above the zero axis, showing increased bullish momentum. Both DIF and DEA are diverging upward, supporting the current upward trend.

The Relative Strength Index (RSI) is currently in the overbought zone above 70, but no signs of a pullback have appeared, indicating there may still be further upside potential. The trend indicator EMA’s short-term EMA7 has crossed above the medium-term EMA30 and EMA120, and the price has consistently been running above EMA7, showing a strong upward trend. Additionally, with increasing trading volume synchronized with rising prices, there is no need to doubt the bulls' determination, and opening shorts is not advisable; buying on pullbacks is the main strategy right now.

Today's Latest Reference Points

Buy Point 3800, Add 3750, Stop 3700, Target 4000

Sell Point 4000, Add 5050, Stop 4100, Target 3800

The above analysis is based on market data and trend analysis from the order book by Li Ying and does not constitute investment advice. For family references $ETH #以太坊行情分析 #ETH合约