Liying in the Crypto Circle: 12.6 Overbought Zone Still No Pullback! How Much Upward Space Does Ethereum Have? Latest Market Analysis

  

  Article Release Date: 2024.12.6 ---- 02:30 AM

  

  Current Ethereum price is 3900; Liying's entry point at 3550 reminds everyone not to rush to exit, especially for those who entered at 3300 and 3450. Holding above 4000 is not the priority; finding a position can allow profits to run. If key support is broken on a pullback, you can take profits. Regardless of the final price, we can secure our gains. For those who haven't entered, follow the trend and continue to buy on dips.

  

  Looking at Liying's analysis, the current candlestick pattern in the order book shows a clear upward trend, especially with the large bullish candles on the 4th and 5th. From the 3rd to the 5th, an ascending triangle breakout pattern has formed, indicating strong bullish sentiment in the market, aligning with Liying's thoughts. The MACD histogram continues to expand above the zero line, showing increased bullish momentum. Both DIF and DEA are diverging upwards, supporting the current upward trend.

  

  The Relative Strength Index (RSI) is currently in the overbought zone above 70, but there are no signs of a pullback, indicating that there may still be further room for upward movement. The trend indicator EMA short-term EMA7 has crossed above the medium and long-term EMA30 and EMA120, and the price has been consistently above EMA7, demonstrating a strong upward trend. Coupled with increasing trading volume synchronized with rising prices, this situation confirms the bullish sentiment and suggests avoiding short positions; instead, buying on dips is the main strategy at present.

  

  Today's Latest Point of Reference

  

  Long Entry at 3800, Cover at 3750, Stop at 3700, Target 4000

  

  Short Entry at 4000, Cover at 5050, Stop at 4100, Target 3800

  

  The above analysis by Liying is based on market data and trend analysis from the order book and does not constitute investment advice. For family reference only. Over the past ten years, Liying has continually explored and experienced hundreds of various digital assets. Throughout this process, Liying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to assist others with dreams find their place in this unpredictable market and embark on their own journey to success.

  

  Article content is timely and for reference only; the risk is borne by the reader.