Cryptocurrency Circle Liying: The Victory of Going with the Trend on November 10! Liying's Philosophy Once Again Validates Ethereum's Uptrend! Latest Market Analysis

Article Release Time: November 10, 2024 — 08:20 AM

Ethereum reached a high of 3124 yesterday, finally breaking through the pressure level of 3000, a key resistance point, and even broke the psychological barrier of 3150 in one go, peaking at 3160. Ethereum is in the process of redeeming its image. If this round of bull market does not catch up, there is a high probability that most players will abandon it. Therefore, the continuous breaking of previous highs will continue to occur, which is a normal phenomenon and should not cause alarm. Recently, anyone who has entered the market after a pullback to support has basically been able to enjoy the benefits of this wave of catching up, further validating that Liying's philosophy of going with the trend is correct.

Looking at the price trend, the current K-line pattern on the market shows a very clear upward trend. From 2722 to 3120 in a 4-hour cycle, multiple bullish candles indicate strong buying power, with highs continually rising. In the technical indicators for the 4-hour cycle, the MACD histogram continues to show positive values, and the DIF line has crossed above the DEA line and continues to diverge upwards, indicating that the current market is in a bullish trend, confirming that Liying's long position strategy has been correct all along.

The Relative Strength Index (RSI) 14 is currently at 85.40, in the overbought range, but no signs of a pullback have appeared yet. Caution is needed for potential short-term adjustments. The trend indicator EMA moving average system shows a bullish arrangement with 7, 30, and 120, with prices consistently running above EMA 7, indicating strong upward trend support. Accompanied by increasing trading volume, this shows active capital inflow. Considering various indicators, Liying's strategy remains primarily bullish with a low-entry approach, which is more stable.

Short-term Strategy Reference:

Long Entry Point: 3050, Stop Loss: 3000, Stop Loss Point: 2970, Target: 3150

Short Entry Point: 3200, Stop Loss: 3250, Stop Loss Point: 3280, Target: 3050

The above is a brief analysis by Liying regarding the current market situation for investors' reference. $ETH #以太坊行情分析