As a senior member of the crypto circle, I have been deeply engaged in this fascinating yet challenging field for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investment is a long-term practice, especially in the crypto world. Continuous learning and improving one’s cognition and judgment ability are essential to steadily progress in this challenging field.
Crypto Circle Old Yang: Ethereum Market Analysis on November 25, 2024
Ethereum's daily line currently shows a double top situation. Although it briefly broke the previous high and touched 3500, the bulls still have potential after pulling back to lower levels. The EMA12 trend support level at 3219 is worth paying attention to. MACD continues to expand, while the upper Bollinger Band at 3500 and the middle band at 3140 form key points. The overall box pattern under the current major trend remains unchanged, presenting a bullish trend. Therefore, bearish indicators can be seen as a signal to lure shorts.
Ethereum's four-hour line has stabilized after a pullback to the EMA26 support point at 3320, making this support clear. MACD shows a shrinking volume and increasing positions, indicating the flow of funds. The Bollinger Bands are gradually contracting, with the middle line at 3358 becoming the first pressure point focus, the upper line at 3447 under heavy pressure waiting to be broken, and the lower line at 3270 being a solid support line. The overall trend currently maintains a bullish pattern, especially crucial is the concentration of chips after the volume shrinks and the inflow of main funds.
Short-term Strategy:
Buy from 3350 to 3300, defend at 3250, stop loss at 50 points, target 3450
Sell from 3550 to 3620, add position at 3670, stop loss at 50 points, target 3450
Disclaimer: The above analysis only represents the author's personal opinion and does not constitute specific operational advice. Trading based on this is at your own risk. Investment entails risks, and caution is required when entering the market.
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