Crypto Circle Liying: 10.31 Surpassing Peaks! How is Ethereum Gearing Up Amid Market Volatility?

　　Article Published on 2024.10.31—02:10 AM

　　Current Price of Ethereum is 2678, which is nearly 20 points higher compared to yesterday's 2650. Yesterday's strategy saw a pullback over 2600, targeting 2700, with precise targeting. Liying chose not to short, and the reasons should be clear from the articles over the past few days. Shorting at resistance levels should be minimized or even avoided, especially the stop-loss point should not be too far. If Ethereum can reach above 2750 before publication, Liying will choose to go long, but it just broke 2700, reaching only around 2720 before being pushed down. It will continue to impact, but it requires a deeper pullback, with the pullback point near the neckline around 2600.

　　Now let's look at Liying's upcoming analysis. Currently, the K-line pattern in the market is fluctuating between 2670 and 2700, forming a short-term oscillation range. You can see that the recent high in the overall market is around 2724, and the low is around 2599. This is a typical upward trend. The technical indicators MACD show that both DIF and DEA averages are rising, and the MACD histogram is positive, which indicates that Liying's strategy is correct. The current market is in a bullish trend, and the only thing to watch for is possible divergence signals.

　　The Relative Strength Index (RSI) is currently close to 70, having entered the overbought zone, so a downward pullback is a normal phenomenon. The trend indicator EMA7 has crossed above 30 and is significantly higher than 120, indicating a very strong upward trend. Additionally, the overall trading volume has noticeably increased in recent cycles, so Liying continues to support the price's upward trend, primarily focusing on low long positions and secondary high short positions.

　　Today's Latest Reference Points: Bullish

　　Long Entry Point 2600, Additional Buy Point 2550, Stop-Loss 2520, Target 2700

　　Short Entry Point 2720, Additional Sell Point 2760, Stop-Loss 2790, Target 2610

　　Reasons: First, the long entry point is at the neckline and is also a round number. Second, the location at EMA120 is a strong support point. If it breaks, a stop-loss should be set a few points below to prevent being swept out. The previous high resistance point is obvious, so this is the first short entry point. If the second position breaks, it may continue to stretch, so be sure to pay attention to the stop-loss to ensure safety first. Real-time results can be checked with Liying. The content of the article is real-time and for reference only, risk is borne by oneself. $ETH #ETH合约波段