Coin Circle Liying: 12.25 Ethereum Latest Market Analysis
Article Release Time 2024.12.24----01:30
The current price of Ethereum is 3505. Liying did not enter the second cake before publishing, and has not waited for the right retracement point. Originally, I wanted to consider shorting after seeing obvious pressure from the bulls, but as of press time, the bulls have not ended their stretch, and they have the courage to hit the large-level pressure level of 3600. At this time, we can clearly see a short-term bull market, but this wave of rapid growth tells me to wait until the rapid growth ends before entering the market. Just wait for the time being
Look at the K-line of the market. There was a significant rebound from the 23rd to the 24th, forming a longer positive line. Liying found that the bulls were strengthened. In the 4-hour cycle, the K-line closed positive continuously and broke through the previous high of 3500, indicating that the short-term upward trend was established. Technical indicators MACD's current DIF and DEA are both negative, but the MACD histogram has turned from green to red, indicating that the short-selling momentum has weakened, so Liying judged that the bulls have begun to exert their strength.
The relative strength index RSI14 is close to the overbought area but has not entered the extreme area. There is still room for further rise. The trend indicator EMA price has stabilized above EMA7 and is approaching EMA30. The short-term moving average shows a bullish arrangement. Liying believes that this wave of the main force will help support the price to continue to rise. In addition, the volume has increased, the market activity has increased, and the capital inflow is obvious. We have reason to believe that the bullish trend has begun to exert force, or the volume momentum has already existed, and it will burst out after the retracement. Therefore, Liying's suggestion is to wait for the next small retracement to enter the market and do more as the main and short as the auxiliary.
Today's latest point reference
Do more at 3400, make up 3350, stop at 3000, target 3600
Short at 3600, make up 3650, stop at 3700, target 3500
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