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Cryptocurrency Scholar: 2024.11.25 Ethereum (ETH) latest market analysis reference
The current price of Ethereum is 3350, and it is indeed 6:45 AM Beijing time. The descending triangle on the 15-minute K-line at the short-term level is a false signal. The K-line has effectively rebounded from the EMA30 neck line and has been unable to break through, with resistance at 3320. If this position breaks upwards, consider continuing to layout long instead of shorting here. Let's look at the market.
The daily K-line has formed a double top pattern, breaking the previous high and hitting 3500. A valid bullish hold at the lower neck line. Pay attention to the EMA15 trend support at 3170. The MACD continues to expand, the upper Bollinger Band focuses on 3580, the middle track support refers to 3120. The overall trend remains bullish, and since we know the trend is bullish, all bearish indicators can be classified as false signals. Find positions at support points to layout long, then manage stop-losses. If wrong, stop-loss and do not hold on; if right, hold and look for previous highs.
The four-hour K-line has rebounded from the EMA30 support point of 3300 and has been continuously standing on the support point, clearly indicating support. The MACD has decreased in volume and increased positions, and the Bollinger Band is narrowing. The first pressure point on the middle track is at 3360, the upper track pressure point is at 3450, and the lower track support refers to 3475. The overall trend remains bullish, especially after the volume decreases and the chip distribution starts to concentrate, with main funds flowing in. The strategy is to follow the upward trend layout and act accordingly.
Short-term reference: Holding long at 3320, safety first. Remember, the market is never 100%, so always set stop-losses. Safety first, small losses and big gains are the goal.
Long from 3330 to 3300, defend at 3250, stop loss 50 points, target 3400 to 3450, if broken look at 3500 to 3550.
Short position from 3550 to 3600, defend at 3650, stop loss 50 points, target 3500 to 3450, if broken look at 3400.
Specific operations are based on real-time data from the market. For more information, you can consult the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by yourself.
This article is exclusively contributed by the cryptocurrency scholar and represents the scholar's exclusive views. 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 are not real-time and are for reference only. Please bear the risk yourself. When reposting, please indicate the source, manage your positions reasonably, and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the profits that should have been yours slip away. There is no need to be smarter than the market in investing. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to take action once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, profession rewards precision, and art rewards heart. Gains and losses come unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The cryptocurrency scholar wishes you happy investing!
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