As a veteran in the cryptocurrency world, I have been deeply involved in this charming and challenging field for many years. Having experienced the ups and downs of the cryptocurrency market and witnessed the rise and fall of countless coins, I have accumulated rich practical experience and unique market insights. Investment is a long-term practice, and the cryptocurrency market is no different. Continuous learning and improving one's understanding and judgment abilities are essential to progressing steadily in this challenging field.
Lao Yang in the cryptocurrency world: Ethereum market analysis on November 27, 2024.
The current daily fluctuation of Ethereum is significant, with a high of 3347 and a low of 3253, creating a one-sided market. The primary support below looks toward the EMA12 trend line at 3267, and the overall trend indicator remains in a bullish state with upward net expansion. However, the MACD shows a volume reduction, and the DIF and DEA are contracting at high levels. Once it drops below 3200, a death cross will form, impacting the crucial 3000 mark. The Bollinger Band is in a contraction state, with the upper resistance at 3500, the middle support around 3210, and the lower support to watch at 2920. The Ethereum market will also enter a more critical and subtle moment, and investors need to closely monitor its trend changes to adjust strategies in response to potential market fluctuations.
The four-hour chart of Ethereum is at a critical position, above the support point of the uptrend line and the EMA26 intersection at 3350, making it an important reference point for bullish or bearish judgments. The MACD shows a decreasing volume downtrend with a top divergence, approaching the 0 axis; the lower Bollinger Band support is at 3255, serving as a reference for thoughts. The DKJ is continuing to expand downwards, and the overall trend is contracting. Investors need to respond flexibly; if the key point is broken, a short position can be attempted, and if not broken, a long position can be tested, while ensuring to set stop-loss orders to control risks.
Short-term strategy:
Short position from 3430 to 3500, add to position at 3550, stop-loss 50 points, target 3320.
Long position from 3230 to 3180, add to position at 3130, stop-loss 50 points, target 3350.
Disclaimer: The above analysis content only represents the author's personal views and does not constitute specific operational advice. Any actions taken based on this are at your own risk, as investment involves risks, and caution is needed when entering the market.
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