Don't forget, the darkest moments are often just before dawn.

Latest market analysis reference for Ethereum (ETH) on December 1, 2024

The current price of Ethereum is 3697. Yesterday, Ethereum at 3550 effectively reminded everyone to get on board, with a target of ultimately reaching 3700. How much profit did you take from this 150-point gain? The sector rotation has not yet ended, so don't rush to exit completely; keep a portion of your base position to continue looking upward. Newcomers may not understand the power of sector rotation, but as a veteran in the cryptocurrency space, I have a deep understanding that this is not just an opportunity to turn things around, but a chance to leap forward.

The daily K-line reached a high of 3727 and a low of 3567, leading the cryptocurrency market again. The EMA trend indicator for bulls is starting to widen the gap, with EMA15 already at 3390. MACD has increased its volume, and DIF and DEA are expanding and stretching at a high level. The K-line has broken through the upper Bollinger Band at 3705, oscillating upwards around the upper band. The KDJ exhibits a bullish trend, and the overall trend is bullish.

The four-hour K-line neck line is still at 3530, but the short-term support EMA15 has reached 3630. The flag indicator has also changed, and the embryonic form of the ascending triangle trend has appeared. As MACD increases its volume, DIF and DEA are horizontally consolidating at a high level. The divergence trend at the top is becoming increasingly severe. The Bollinger Band is contracting, and the upper band has also lost support at 3710, with the middle band support stretching to 3615 and the lower band support at 3525. The mindset remains bullish, especially since the sector rotation has just begun, so the main strategy is to buy on dips. Try to minimize short positions and cultivate the habit of using stop-losses.

Short-term reference: Safety first. Remember that market conditions are never 100% certain, so always use stop-losses. Safety first; small losses and big gains are the goal.

For the upper range, consider shorting from 3800 to 3850, with a stop-loss at 3900 to 3950, risking 50 points, targeting 3700 to 3600, and if broken, looking at 3500 to 3450.

For the lower range, consider going long from 3500 to 3550, with a stop-loss at 3400 to 3450, risking 50 points, targeting 3600 to 3650, and if broken, looking at 3700 to 3750.

Specific operations should be based on real-time data from the market. The suggestions in this article are for reference only, and risks are to be borne by the reader.