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Scholar in the cryptocurrency circle: 2024.11.28 Ethereum (ETH) latest market analysis reference.
Ethereum's current price is 3587, it's 3:30 AM Beijing time, don't doubt that sector rotation has really started, market share is beginning to shift from Bitcoin, the second most traded coin with a very high turnover rate is definitely the hottest coin recently, so the fluctuations in the second coin will be very large, at least a few hundred points up and down. Otherwise, I wouldn't choose to short at the appearance of the right shoulder, with a stop loss at 3500 to prevent Ethereum from rising again. From the current market situation, everyone should understand the importance of having a stop loss, right? No one can be 100% accurate, so you must enter the market at key points and choose a small stop loss location for your layout. This way, even if you are wrong, you can exit with a small loss, and if you are right, you can make a big profit.
Daily K-line currently has a highest of 3615 and a lowest of 3300. The first pressure level in the daily line has been broken, and the previous high has also been broken. The major pressure level is above 2800. The EMA15 trend support has stretched to 3265. Even so, the trend indicator for the bullish network diffusion has not ended, indicating that the current supplementary rise will continue. The MACD is not showing significant volume increase, but the DIF and DEA are expanding upwards quite naturally. The overall top divergence is likely to continue. The upper Bollinger Band at 3535 has been lost, and the overall trend is predominantly bullish, so no shorts for the time being.
Let's look at the four-hour chart to see if there is a possibility of a pullback. Currently, we are at a pressure point in an upward trend. Pay attention to whether 3630 can form effective pressure. The EMA15 trend support has reached 3450, and it is expected that the pullback can be used to enter the market from this support. The MACD is expanding continuously, showing an increasing volume indicator, and the DIF and DEA are expanding upwards. The V-shaped transition has ended, revealing a bullish bat pattern. The K-line has continuously broken through the upper Bollinger Band at 3600, and the pressure point has not been broken after prolonged attacks. The bullish trend continues, and the strategy is mainly to pull back and buy, with shorting as a supplement.
Short-term reference: Safety first. Remember that the market is never 100%, so you must manage stop losses well. Safety first, small losses and big profits are the goal.
Sell at 3800 to 3850 above, defend at 3900 to 3950, stop loss 50 points, target at 3700 to 3600, if broken look at 3500 to 3450.
Buy at 3450 to 3500 below, defend at 3400 to 3350, stop loss 50 points, target at 3600 to 3650, if broken look at 3700 to 3750.
Specific operations are based on real-time market data. For more detailed information, you can consult the author. The article may have a delay in publication, so it is suggested for reference only, and risks are borne by yourself.
This article is exclusively contributed by a scholar in the cryptocurrency circle, reflecting the author's unique perspective. 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 and are for reference only, with risks borne by yourself. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The author also hopes that all investors understand that the market is always right. If you are wrong, you should summarize what went wrong with yourself. Don't let the profits that should be yours fly away. There is no need to be more astute than the market. When the trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to take action once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded by heaven, goodness by the earth, sincerity by humanity, trust by commerce, precision by industry, and heart by art. Gains and losses occur inadvertently. Cultivate the habit of strictly managing stop losses and take profits for every trade. The scholar in the cryptocurrency circle wishes you a pleasant investment experience!
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