Coin Circle Li Ying: The Ethereum trend remains unchanged on 11.30, activity increases! The possibility of a rebound has greatly increased! Latest market analysis

Article published on 2024.11.30----01:45

Current price of Ethereum is 3591. Before the article was published, Ethereum surged to 3650. Li Ying chose to enter short positions at this level. Although a neckline level of 3580 has formed, the neckline support has been continuously challenged downwards. Li Ying understands that prolonged defense will lead to loss, but Li Ying chose to take profits at 2585. The belief Li Ying holds is that what is in hand is truly theirs; the floating profit above is ultimately just a number. Of course, Li Ying will definitely wait for further bottoming out before deciding on an entry point and will not recklessly enter the market.

Looking at the price trend analysis, Li Ying still relies on K-line patterns. Recently, the price has been oscillating around 3600, forming a relatively obvious box consolidation pattern. There was a quick surge from the 27th to the 28th, reaching a high of 3688 before retreating, indicating strong pressure above. This is why Li Ying chose to layout shorts at 3650. The technical indicator MACD shows that the current DIF and DEA are close to the zero axis, and the MACD histogram has turned from positive to negative, indicating that the bullish and bearish forces are relatively balanced in the short term but showing signs of weakening.

The relative strength index (RSI) has gradually retreated from the overbought zone and is currently in a neutral area, suggesting that market sentiment is stabilizing. The trend indicators EMA7, EMA30, and EMA120 show a bullish arrangement, but EMA7 has begun to flatten, indicating a potential need for adjustment. The increase in trading volume shows that capital activity is rising. If the trend remains unchanged and activity increases, the probability of continued upward movement after high-level consolidation increases. It is highly likely that Ethereum will continue to challenge previous highs. Therefore, Li Ying’s strategy remains the same as before, mainly focusing on buying at low levels; shorting is ultimately not a long-term solution for non-professionals and should be done sparingly.

Today's latest point of reference

Buy point at 3500, add at 3450, stop at 3400, target at 3650

Sell point at 3650, add at 3700, stop at 3750, target at 3500

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