Crypto Circle Liying: 11.24 Ethereum Still Bullish, Between Soaring and Plummeting! Capital Inflows Accelerate! Can Bulls Withstand Selling Pressure? Latest Market Analysis

Article Published on 2024.11.24----01:40

Current Ethereum Price 3430, Ethereum Liquidated Again, Yesterday 2400 Long Position Liquidated, Today 2400 Short Position On-chain Data Shows Liquidation of Several Hundred Million USD Again, This Market Is Like This, Full of Fear and Greed, Before Publication, Main Force Rapidly Rises to Break 3500, Then Quickly Falls Back Below 3400, Back and Forth Harvesting, To Avoid Being Harvested in This Market Trend, One Must Understand That Rapid Rises and Falls Belong to the Stage of High Control by Main Force, For Small Investors, Waiting and Observing Is the Best Choice,

First, Let's Analyze the Price Trend, The Current K-line Pattern Everyone Has Seen Is Obviously an Upward Trend, Especially Between the 21st and 23rd, The Price Rose from 3070 to 3498.94, Between the 22nd and 24th, There Was a Long Upper Shadow Line, Indicating Certain Selling Pressure at High Levels, Main Force Took Profits at 3500 and Sold Their Holdings, If It Continues to Stretch After Pulling Back, It Indicates the End of Selling Pressure, The Technical Indicator MACD Histogram Has Been Continuously Enlarging Since the 21st, Both DIF and DEA Are Diverging Upwards, Showing Strong Bullish Signals, Liying Suggests Focusing on Long Positions During Pullbacks

The Relative Strength Index RSI Is Around 64.55, Close to Overbought Area, But Not Yet in Extreme Zone, Indicating the Market Still Has Further Upside Potential, The Trend Indicator EMA Short-term EMA7 Has Crossed Above Medium and Long-term 30 and 120 Forming a Golden Cross, Supporting the Current Upward Trend, Coupled with Trading Volume Accompanying Significant Price Increases, Indicating Active Capital Inflows, Especially With So Many Main Force Entering the Market with On-chain Issuance, The Main Force Is Not Foolish to Enter the Market at This Position, So The Most Likely Scenario Is That Ethereum, Which Has Not Yet Made a Move, Is Waiting for Some Whales to Get On Board, Therefore, Liying Is Optimistic About Ethereum in the Long Term, Sticking to a Strategy of Mainly Low Long Positions and Supplementing with High Short Positions

Today's Latest Reference Points

Long Entry Point 3350, Add to Position 3300, Stop Loss 3270, Target 3500

Short Entry Point 3500, Add to Position 3550, Stop Loss 3580, Target 3350

The Above Analysis Is Based on Market Data and Trend Analysis of the Order Book by Liying, and Does Not Constitute Investment Advice. For Family Members' Reference $ETH #以太坊行情分析 #ETH行情分析