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Crypto Circle Scholar: 2024.11.27 Ethereum (ETH) latest market analysis reference.
Ethereum's current price is 3273. It is now 3:30 AM Beijing time. After the big drop yesterday, there haven't been many orders. Ethereum is mainly observing. The bearish trend is very obvious, and there are signs of another impact on the 3000 barrier. In the face of such a volatile bullish trend, it is best to prioritize survival and protect the chips in hand. Affected by sector rotation, Ethereum has shown a triple top bearish indicator. Originally laid out at 3300, it is safer to exit with a guaranteed profit.
Currently, the daily K-line has a high of 3465 and a low of 3255. The market has moved in a one-sided direction. The first support below is the EMA15 trend line at 3215. The overall trend indicator is still a bullish indicator spreading upwards. The MACD has decreased in volume, and the DIF and DEA are contracting at a high level. If it breaks below 3200, it will form a dead cross and impact the 3000 barrier. The Bollinger Bands are contracting, with the upper pressure level at 3487, the middle support reference at 3195, and the lower support focusing on 2900. If the K-line breaks the previous low again before closing at eight o'clock in the morning, it will form a dead cross.
The four-hour K-line has reached the support point of the rising trend line and the EMA60 exchange point above 3250. This can be used as a base point to determine bullish and bearish indicators. The MACD is decreasing and a top divergence is about to reach the 0 axis. The lower Bollinger Bands support reference is at 3255. The thought process can refer to this target. DKJ is expanding downwards, and the overall trend is starting to contract. Be prepared with one heart and two hands. If it breaks the key point, you can chase a short position; if not, start testing with long positions, and set a good stop loss to exit if wrong.
Short-term reference: Safety first. Remember that the market is not 100% certain, so always set a good stop loss. Safety first; small losses and big profits are the goal.
Sell from 3400 to 3450 above, defend from 3500 to 3550, stop loss 50 points, target look at 3350 to 3300, if broken look at 3250 to 3200
Buy from 3250 to 3200, defend from 3150 to 3100, stop loss 50 points, target look at 3300 to 3350, if broken look at 3400 to 3450.
Specific operations are based on real-time market data. For more information, you can consult the author. There is a delay in article publication, suggestions are for reference only, risks are borne by yourself.
This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's exclusive views. In-depth research is conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the push timing of the article, the above views and suggestions are not real-time, for reference only, risks are borne by yourself. Please indicate the source when reprinting. Reasonably control your position when trading, and do not operate with heavy positions or full positions. The scholar also hopes all investors understand that the market is always right. If you are wrong, summarize where the problem lies. Do not let profits that should be yours slip away. There is no need to be smarter than the market when investing. When the trend comes, respond and follow; when there is no trend, observe and be still. It’s not too late to take action after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, Earth rewards goodness, humanity rewards sincerity, business rewards trust, profession rewards excellence, and art rewards passion. Gains and losses often happen unintentionally. Develop the habit of strictly taking stop-loss and take-profit for each trade. The Crypto Circle Scholar wishes you happy investing!
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