Coin Circle Li Ying: The Shadow of Ethereum's Reduction and Sale on November 23! Why is the Peak of 3400 So Fragile? Latest Market Analysis

Article Published on 2024.11.23----01:15

Current Ethereum Price 3319, everyone should have seen the news that after Ethereum broke 3400, many large holders entered the market to chase prices at high levels, the main force reversed and liquidated, plunging below 3270, liquidating over a hundred million US dollars. The fear and greed in the market occupy the aspirations of many. No matter what, we must hold onto our chips. Everyone is waiting for a rebound, but what comes is only disappointment. We should view the market rationally and layout rationally. Stop chasing prices up and down. Isn’t it good to listen to me and follow Li Ying?

From the price trend analysis, the current K-line pattern fluctuates within the range of 3300 to 3400, forming a consolidation pattern. The daily K-line shows a long upper shadow, indicating heavy selling pressure above. It is obvious that the main force took profits after reaching 3430; otherwise, it wouldn't have fallen over a hundred points in liquidation. The answer is that the main force has enough chips at this position. In the technical indicators, MACD on the 4-hour cycle shows that both DIF and DEA averages are gradually flattening, and the MACD histogram is shortening, indicating that the long and short forces are tending to balance. Li Ying predicts that the market will once again enter a millennium consolidation phase.

The Relative Strength Index (RSI) is currently around 60, having retreated from the overbought area, showing that upward momentum is weakening but still in a relatively strong area. The trend EMA shows the current price is below EMA7 and close to EMA30, while EMA120 is far below the current price. The long-term trend remains upward, but there is short-term adjustment pressure. Looking at the reduced trading volume indicates weak willingness to chase prices, and the market's wait-and-see sentiment is strong. Whether this will validate Li Ying's assertion of a consolidation market remains to be seen. The thinking is similar to Bitcoin, mainly focusing on low longs and supplemented by high shorts.

Today's Latest Point Reference

Long Entry Point 3200, Add 3150, Stop 3120, Target 3400

Short Entry Point 3400, Add 3450, Stop 3480, Target 3250

The above analysis is based on market data and trend analysis of the order book by Li Ying, and does not constitute investment advice. For family reference $ETH #以太坊行情分析