Crypto Circle Li Ying: 12.5 Ethereum bulls are imperative! Strong upward momentum to reach new heights! Latest market analysis

Article published on 2024.12.5----01:30

Current price of Ethereum is 3793, yesterday Li Ying mentioned that the main force was reversing to pick up, it was possible to enter at 3550 and take some profit above 3800. The practical record has been updated, and there’s no need to rush to leave the remaining positions. The bullish trend is still present; if you can't hold on under such circumstances, you will truly regret this bull market. Li Ying has consistently suggested buying on dips during this large bull run. No matter how it washes out, as long as the large support level is not broken during the pullback, entry is possible. Good risk management is essential; even if you’re wrong, it’s okay, but if you’re right, the potential is significant. Congratulations again to everyone!

Looking at the current market, from Li Ying's price trend analysis, the current candlestick pattern shows a clear upward trend, especially with consecutive bullish candles yesterday and today. During the period from December 2 to 3, there was a long lower shadow, indicating strong buying support at low levels in the market. Additionally, the technical indicator MACD shows that the current DIF is above the DEA, and the MACD histogram is positive, indicating that bullish forces dominate in the short term with strong upward momentum. Li Ying decisively entered at 3550 after confirming that the main force would not break below 3500.

The relative strength index RSI14 is close to 70 but has not entered the overbought zone, indicating that there is still upward space in the market, but caution is needed regarding potential pullbacks. The trend indicators EMA prices are currently running above EMA7, EMA30, and EMA120, with short, medium, and long-term moving averages in a bullish arrangement. Li Ying's bullish outlook remains unchanged, and coupled with increasing trading volume with rising prices, this shows that funds are actively entering the market, indicating optimistic market sentiment and bullish control, further reinforcing Li Ying’s thoughts. Those who have not entered should wait for a pullback before continuing to enter.

Today's latest reference points:

Long entry point 3700, add at 3650, stop at 3600, target 3900

Short entry point 3900, add at 3950, stop at 4000, target 3750

The above analysis is based on market data and candlestick trend analysis from Li Ying and does not constitute investment advice. For family members' reference $ETH #以太坊行情分析