In the cryptocurrency circle, Liying: The Ethereum trend remains unchanged as of 11.30, with increased activity! The possibility of a rebound has significantly increased! Latest market analysis
Article published on 2024.11.30----01:45
Ethereum current price 3591, before the release Ethereum surged to 3650, Liying chose to enter a short position at this level. Although a neckline support of 3580 has formed, the neckline support is consistently being pressured downwards. Liying understands the principle that prolonged defense will eventually fail, but Liying chose to take profit at 2585. Liying's belief has always been that what is in hand is truly one's own; the floating profit above is ultimately just a number. Of course, Liying will wait for further bottom exploration before deciding on an entry point, and will not recklessly enter the market.
Looking at the price trend analysis, Liying still discusses the recent price oscillation around 3600 from the candlestick patterns, forming a relatively obvious box consolidation pattern. A rapid surge occurred between the 27th and 28th, peaking at 3688 before retreating, indicating strong resistance above. Thus, Liying chose to set a short position at 3650. The technical indicator MACD shows the current DIF and DEA are close to the zero axis, and the MACD histogram has flipped from positive to negative, indicating a relatively balanced short-term power between bulls and bears, but with signs of weakening.
The Relative Strength Index (RSI) has gradually retreated from the overbought zone and is currently in a neutral area, indicating that market sentiment is stabilizing. The trend indicators EMA7, EMA30, and EMA120 show a bullish arrangement, but EMA7 has begun to flatten, which may indicate a need for adjustment. The increased trading volume shows heightened capital activity. Under unchanged trends, increased activity raises the probability of continued upward movement after high-level consolidation. Ethereum is likely to continue challenging previous highs, so Liying's strategy remains the same: primarily go long at low levels, as shorting is ultimately not a long-term solution for non-professionals.
Latest reference points for today
Long point 3500, supplement 3450, stop 3400, target 3650
Short point 3650, supplement 3700, stop 3750, target 3500
The above analysis is based on market data and trend analysis of the order book by Liying and does not constitute investment advice. For family members' reference. Over ten years, Liying has continuously explored and experienced hundreds of different digital assets. During this process, Liying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless invaluable experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights and hopes to assist others with dreams in finding their place in this unpredictable market, starting their journey towards success.
The content of the article is time-sensitive and for reference only; risk is borne by the reader.
