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Crypto circle scholar: 2024.11.26 Ethereum (ETH) latest market analysis reference.
Ethereum's current price is 3478. It is now around 2:10 AM Beijing time. Ethereum is influenced by sector rotation and has begun to show volatility similar to Bitcoin at the beginning of the month, breaking previous highs daily and going back and forth. Therefore, every time you are at the market, you must learn to plan your trades. During the trading day, just trade your plan. Once the trading signal appears, strictly execute it. Do not hesitate while watching the market. Many long-term followers have made profits on this wave, buying in above 3300, targeting 3500 for cashing out. Before this article was published, there was a pullback below 3400 for entry, and ultimately 3500 was cashed out again. Many fans are shorting, which I do not recommend, because the larger trend is bullish, and shorting easily leads to losses.
Looking at the market, the daily K-line has broken the previous high and reached 3550, with a low of 3300, forming a large-level bullish trend resembling an ascending flag. The EMA15 trend support line is still stretching and has reached 3200 without ending. Especially with the bullish indicators showing net dispersion, the MACD is continuously increasing in volume. The Bollinger band is showing contraction, with the fast line reaching the upper band contraction point pressure level at 3530, and the standard support reference at 6170. The bullish trend remains unchanged.
After the four-hour K-line hit 3550 and failed, it began to pull back. The MACD alternates between reducing and increasing volume, with the DIF and DEA in a high-level contracting bullish trend. The upper Bollinger band at 3505 has been broken multiple times; it's unnecessary to elaborate on the principle that a long-standing pressure point will eventually be broken. Therefore, the Bollinger band is very likely to open upwards. In the case that the bullish trend remains unchanged, wait for a pullback. Do not trade unless the trend adjusts; after the pullback, look for opportunities to enter. Under the same mindset as the major coin, with the unchanged trend, treat all pullbacks as false signals. Set stop-losses properly and do not hold onto losing trades; admit the mistake if you are wrong.
Short-term reference: Safety first. Remember that there is no certainty in the market, so always set stop losses. Safety first, small losses and big gains are the goal.
Long positions from 3400 to 3350, defend at 3300, stop loss at 50 points, target looking at 3500 to 3550, break point at 3600.
Short positions from 3550 to 3600, defend at 3650, stop loss at 50 points, target looking at 6450 to 3400, break point at 3350.
Specific operations should be based on real-time data from the market. For more information, you can consult the author. There may be delays in the release of the article; suggestions are for reference only and risks are borne by you.
This article is exclusively provided by the crypto circle scholar and represents the scholar's views alone. In-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be current and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and do not operate with heavy or full positions. The scholar also hopes that investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies within yourself; do not let the profits that should be yours slip away. It is unnecessary to be smarter than the market in investments. When a trend comes, follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. The way of heaven rewards diligence, the way of earth rewards kindness, the way of humanity rewards honesty, the way of commerce rewards trust, the way of business rewards precision, and the way of art rewards sincerity. Gains and losses often occur unexpectedly. Develop the habit of strictly observing stop-loss and take-profit for each trade. The crypto circle scholar wishes you happy investing!
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