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Crypto Circle Scholar: 2024.11.13 Latest Ethereum (ETH) market analysis reference.
Ethereum's current price is 3236. It is now 10:50 AM Beijing time. I have provided a very short-term strategy for everyone to grasp. After watching the market continuously for six nights, I took a break yesterday and have been observing. Looking at the current market, we can see that yesterday's attempt to break through 3450 failed and was pushed down. There is suspicion that the main force raised the price to offload, as the pullback to 3200 has a range of 250 points. A typical scenario where the chasing longs are harvested is 250.
So AI cannot do this. At this moment, the main force is in a highly controlled phase. Yesterday's close was a bearish candle, so today we see if it can recover the previous high and stabilize above 3450. Otherwise, there is a high probability of a trend reversal. The EMA trend indicator is still expanding upward, and this reversal probability is small but does not mean it doesn't exist. The MACD's volume is clearly decreasing, and DIF and DEA are just breaking out of the energy indicator upward. After the Bollinger Band expands upward, the K-line has finally returned to the Bollinger Band channel. The upper band pressure level to watch is 3380, and the lower band support to watch is 3180.
Four-hour K-line has formed strong resistance at 3370 for four consecutive times. It has now returned to the EMA15 trend line support point of 3235. Pay attention to the next support point EMA30 midline at 3135. MACD top divergence appears with continuous shrinking of short positions. DIF and DEA are spreading downward from high positions. The Bollinger Band upward channel is starting to contract. The K-line has reached the mid-band balance point. The lower band support reference is 3090, and the upper band pressure to watch is 3235. Overall, the larger trend remains bullish. Since the trend has started to pull back downward, we can focus on key support points. If it doesn't break the support, we can start to test long positions. If it breaks, we should quickly remedy and go short. Don't go against the trend. Be prepared with both hands.
Short-term reference: Safety first. Remember that the market is never 100%, so always set a good stop-loss. Safety first, small losses with big gains is the goal.
Sell short between 3250 and 3300, defend short at 3350, stop loss 50 points, target 3200 to 3150, break level 3100 to 3050.
Buy between 3050 and 3100, defend above 3000, stop loss 50 points, target 3200 to 3250, break level 3300 to 3350.
Specific operations are based on real-time market data. For more information, you can consult the author. There may be a delay in the publication of the article. This is for reference only, and the risk is self-assumed.
This article is exclusively contributed by the Crypto Circle Scholar and only represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's push, the above views and suggestions are not real-time. This is for reference only, and the risk is self-assumed. Please indicate the source when reprinting. Manage your positions reasonably and do not operate with heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it and follow it. When there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Hard work is rewarded by nature, integrity is rewarded by the earth, honesty is rewarded by humanity, trust is rewarded by commerce, excellence is rewarded by industry, and artistry is rewarded by heart. Gains and losses occur in the blink of an eye. Develop the habit of setting strict stop-loss and take-profit for each trade. The Crypto Circle Scholar wishes you a happy investment!
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