Crypto Circle Scholar: Pressure and Opportunities Above Ethereum 3550 on 12.25, How to Identify the True Intentions of the Major Players?

The current price of Ethereum is 3455, and it is currently 4 AM Beijing time. I apologize for not posting Ethereum analysis for several days due to being repeatedly tortured by the virus, but I am much better now. Many have been urging me to update, and since I can't sleep, I'll provide some reference for everyone. Currently, the K-line has made a significant pullback near 0.618 and is starting to rebound, which is a normal phenomenon. Every time it reaches the golden ratio line 0.618, a rebound occurs; this is a normal phenomenon. Those who are bullish can consider exiting above 3500, while those who are bearish can look at 0.618.

The daily K-line has a high of 3541 and a low of 3358. We cannot rule out the possibility of the major players washing the market back and forth. Do not be misled by appearances, and do not enter based on feelings. Think clearly about whether it’s rules or emotions. If emotions are driving your decisions, then manage yourself and don’t enter the market. If it’s rules, then just follow the rules. The resistance level above can be focused on the EMA15 and 30 intersection point in the range of 3550 to 3580, where there will be strong resistance. MACD is reducing volume and increasing positions, and DIF and DEA are entering polarization. At this time, there will be significant fluctuations in both directions, so be careful not to chase highs or sell lows; wait for key resistance or support to make your moves.

In the four-hour K-line, we can see a failed attempt to break through 3550 and a subsequent pullback. Many people started trying short positions at 3500, so don’t be in a hurry to exit. That’s fine. The EMA trend indicator is still contracting, and the EMA15 and 30 are also contracting. Pay attention to the balance point near 3400. The MACD volume is decreasing, and the K-line broke the upper Bollinger Band at 3490 but has returned to within the channel. Focus on the midline at 3360 and the lower line at 3235 as two key points. The upper resistance level to pay attention to is the trend top resistance at 3590. Now that we have identified the levels above and below, the rest is just waiting to enter the trading range before taking action. Be ready with both hands, regardless of whether it’s long or short, and act when the price reaches the level.

Short-term Reference:

Long position entry points from 3350 to 3300, with a stop loss at 3250, risking 50 points. The target is 3400 to 3450, with a breakout target of 3500 to 3550.

Short position entry points from 3550 to 3600, with a stop loss at 3650, risking 50 points. The target is 3500 to 3450, with a breakout target of 3400 to 3350.

I am a Crypto Circle Scholar, a warrior who has always been protecting the investors. I wish my fans financial freedom in 2024, let’s work hard together! $ETH #以太坊行情分析 #ETH合约波段