Crypto Circle Li Ying: The major trend of Ethereum on 11.26 remains bullish! How will it continue to gain momentum in the future? Latest market analysis
Article published on 2024.11.26----00:40
Current price of Ethereum is 3485, yesterday's real-time was over 3300, targeting previous highs. How many fans have followed suit? A wave of over 200 points profit-taking indicates that Li Ying's strategy remains correct. Congratulations to old fans, new fans can browse through all historical articles for content with a very high accuracy rate. In the case of a bullish major trend, do not hesitate, enter long positions where appropriate, and leave the rest to the main force to pull the market. Go with the trend, never go against it. Let's look at what points the current market should be positioned at?
First, from the price trend perspective, the current K-line shape in the market has been fluctuating within the range of 3400 to 3500, forming a consolidation pattern, which is a very good area to grasp the market. On the 23rd, a long bullish candle appeared, breaking through the previous high of 3499, but subsequently failed to sustain the upward momentum. The technical indicator MACD: current DIF and DEA are both positive, and the MACD histogram has turned from negative to positive, indicating that bullish strength is increasing, and the bullish trend is valid. Continue to wait for a pullback support to position long.
The Relative Strength Index (RSI14) is close to the overbought zone, currently between 60-70, indicating that the market is in a strong state, but caution is needed for pullback risks. Since we have identified the risk of a pullback, we should not enter long at this position, but wait for the pullback to end before entering. The trend indicator EMA shows that the short-term EMA7 has crossed above the medium-term EMA30 and is far from the long-term EMA120, indicating a clear upward trend. Additionally, the increase in trading volume shows strong market participation, indicating that market sentiment is gradually becoming active and that the bullish trend continues. The strategy should focus on going long at low points and short at high points.
Today's latest point of reference
Long entry point 3350, supplement 3300, stop 3250, target 3500
Short entry point 3550, supplement 3600, stop 3650, target 3400
The above analysis by Li Ying is based on market data and trend analysis and does not constitute investment advice. For family reference $ETH #以太坊行情分析