Cryptocurrency Lady Ying: Will the Ethereum market rebound at 3450 on December 26? Latest market analysis
Article published on 2024.12.26----01:30
Current Ethereum price is 3450, the market has settled into a sideways trend, and now friends understand the reason why we exited at 3450 after shorting at 3530. The short-term support EMA120 is exactly our support point. As for whether Lady Ying chose to go long at 3450, everyone can guess until tomorrow's announcement. The market will continue to trade sideways at a high level, let's look at Lady Ying's analysis next.
Currently, the K-line pattern in the market is fluctuating in the range of 3450 to 3550, showing strong signs of consolidation. After a period of sharp rises and falls, we are now in a correction phase. The technical indicator MACD has some rebound momentum in the short term, but Lady Ying believes that the overall trend still needs observation.
The relative strength index RSI14 value is 50.92, close to the neutral zone, not entering the overbought or oversold areas, and the market sentiment is relatively stable. The trend indicator EMA shows strong support from the short-term moving average, but there is significant pressure from the long-term moving average. Therefore, considering all indicators, Lady Ying concludes that the overall trend is sideways. Please take note of this. The recent trading volume has decreased, and activity has lessened, so Lady Ying assesses that the forces of both bulls and bears are tending toward balance, with a strong wait-and-see sentiment; sideways movement is almost inevitable.
Today's latest reference points
Long entry point 3400, add position 3350, stop loss 3000, target 3500
Short entry point 3500, add position 3550, stop loss 3600, target 3400
The above analysis is based on market data and trend analysis of the order book and does not constitute investment advice. For family members' reference. Over the past ten years, Lady Ying has continuously explored and experienced hundreds of different digital assets. In this process, Lady Ying has gone through the brilliance of bull markets and the gloom of bear markets, stumbling along the way, accumulating countless precious experiences and profound lessons. As a female trader striving in this challenging field, Lady Ying feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own journey to success.