For many consecutive days of Ethereum long positions, those who follow should have good returns. At present, those who follow have made a profit. Judging from the current trend, there is still room for Ethereum to pull back, but the space below will not be too large. Pay attention to the position of 3590 below, which is the lower track of the four-hour Bollinger Band. If it falls below the trend, it will continue to fall. If it stands firm, it will rebound further! Ethereum long positions can continue to follow up in the evening.
[Analysis of Ethereum price trend in four hours]
K-line pattern:
Recent K-line shows that the price is fluctuating at a high level. A long upper shadow line appeared on December 2, indicating that the upper selling pressure is heavy. The K-line on December 3 showed a slight decline, forming a negative line, suggesting that the market sentiment is bearish.
Technical indicators:
MACD: Currently, both DIF and DEA are negative and divergent downward. The MACD bar chart is also in the negative area, indicating that there is a possibility of further weakening in the short term.
RSI: RSI has fallen from the overbought zone and is currently close to the neutral level, but has not yet entered the oversold zone, indicating that the market has not yet completely turned to a bearish trend.
EMA: EMA7 (3633.95) has crossed below EMA30 (3623.21) and is gradually approaching EMA120 (3378.61), indicating that the short-term trend is bearish, and attention should be paid to the support of EMA120.
12/3 evening Ethereum stable profit layout:
It is recommended to enter the long position near 3590-3610 of Ethereum, and the stop profit point is: 3630-3660. If it breaks through and stabilizes the four-hour middle track of Ethereum, the long position can continue to be held!
If there is a callback, it is recommended to cover the long position near 3560, and the target point is: 3600-3630.