Crypto Circle Li Ying: Ethereum maintains a bullish trend on November 25, see through the short-selling conspiracy! Make decisive arrangements, latest market analysis

Article published on 2024.11.25----01:40

Current price of Ethereum is 3310, how many billions of dollars were liquidated in another wave of liquidation? Li Ying chooses to enter at over 3300 and defend at 3200, leaving the rest to time. The reason is simple, the large-scale trend remains bullish, what we need to do is to layout in advance. As long as the large-scale trend does not break, we can hold and look towards the previous highs. Currently, after taking profits from short positions, it's good to hold long positions. Let's look at the current market.

Li Ying still analyzes from the price trend. The current candlestick pattern reached a high of 3499 on the 23rd and then retraced, forming a short-term downward trend. In the 4-hour cycle, the candlestick shows multiple long upper shadows, indicating heavy selling pressure from above, clearly a profit-taking behavior by the main force. The technical indicator MACD currently shows both DIF and DEA as negative, and the MACD histogram is in the negative area. The short-term market is heavily bearish, but the large-scale trend remains bullish. Li Ying's thinking still centers around a low long strategy.

The relative strength index (RSI) has gradually retreated from the overbought area, currently around 51.95, close to the neutral zone, indicating that market sentiment is stabilizing. The trend indicator EMA price is currently running below EMA7, with EMA30 providing support. If it can break through EMA7, it may further test EMA120. Trading volume has decreased, indicating reduced market activity, without any significant signals of volume increase or decrease. Li Ying judges that all indicators carry a conspiracy of short-selling under the condition that the trend has not changed, and continues to insist on a main strategy of low long positions with short positions as a defensive trading method.

Today's latest reference points

Long entry at 3300, add at 3200, stop at 3150, target 3450

Short entry at 3450, add at 3500, stop at 3550, target 3300

The above analysis by Li Ying is based on market data and trend analysis of the market and does not constitute investment advice. For family reference $ETH #以太坊行情分析 #ETH行情分析