Coin Circle Liying: 12.17 bullish trend is coming! Where does the belief that Ethereum will set a new high come from? Latest market analysis

Article release time 2024.12.17----01:05

The current price of Ethereum is 3970. After waiting for a day, Liying was waiting for whether the big cake would pull back. Finally, the concubine entered the market at 3900 and held it with a stop loss of 30 points. In any case, this wave of passive rise is inevitable. Ethereum's impact on 4000 is expected to be a set trend. After 4000, the sky is high and the birds fly freely. The next barrier is the historical highest point. Keep faith and be firm in bullishness

Look at Liying's analysis and you will understand why Liying has always insisted on bullishness. First of all, the price trend analysis shows that the K-line pattern fluctuates in the range of 3900 to 4000, with certain upper and lower shadows, indicating that the market is fiercely competing for long and short positions. There are continuous small positive lines at the daily level, suggesting that there is rebound momentum in the short term, but the upper pressure is relatively large. The MACD four-hour technical indicator cycle MACD fast and slow lines are both upward, and the bar chart is positive, showing that the upward momentum is enhanced. But it should be noted that resistance may be encountered when approaching the previous high.

The current RSI of the relative strength index is around 60, not in the overbought area, and there is still room for growth, but we need to be alert to the risk of callback after excessive pull-ups. Those who have not boarded the train will wait for the callback. The trend indicator EMA price is currently above EMA7 and gradually approaching EMA30. If it breaks through EMA30 and stands firm, it may continue to test higher points. EMA120 provides long-term support, coupled with the increase in trading volume and the increase in the activity of market participants, you can start to enter the market and build positions when it falls back below 3950. Do not consider shorting for the time being, and decide after an obvious pressure level appears.

Today's latest point reference

Go long at 3900, make up 3850, stop at 3800, target 4000

Short at 4050, make up 4100, stop at 4150, target 3900

The above analysis is based on the conclusions drawn by Liying based on market data and market trend analysis, and does not constitute investment advice. For family members' reference$ETH