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Cryptocurrency Scholar: Ethereum (ETH) latest market analysis reference on 2024.12.4
Ethereum current price is 3581. It is now 4:20 AM Beijing time. Yesterday, Ethereum entered at 3560, clarifying the real-time strategy. Profit taking was done as the previous high was not broken. The previous high yesterday was 3680 but was not broken, with the highest point at 3675. A retreat broke below the short-term neck line at 3650, closing with a gain of 90 points. After confirming that the previous low broke below the clear support at 3500, actual positions were entered at 3520 and are currently held. You can refer to this.
The daily K-line has closed negatively for two consecutive days. The EMA15 trend support at 3475 is also not far away. The EMA trend indicator remains upward. The K-line has broken below the large-level neck line at 3580, and there is currently a long lower shadow. MACD shows reduced volume, and DIF and DEA are compressing downward from a high position. If the daily K-line opens and continues to go lower today, it is very likely to form support at the rising trend line. The Bollinger Band opens upwards and remains unchanged, with the upper track pressure level at 3830 and the middle track support reference at 3370.
The four-hour K-line has fallen into the EMA trend indicator. The upper pressure level is at the intersection of EMA15 and 30 at 3620. MACD shows a decrease in volume, and DIF and DEA have started to break below the 0 axis. The lower Bollinger Band support is at 3560, and the K-line has already broken below once. There is clear support in the short term, and it is expected to impact the midpoint at 3655. The middle track can be focused on to determine whether the bulls will take profits. The market has reached the key support around 3500 and has entered the trading range. Do not hesitate, enter with proper defense and stop losses. If wrong, take a small loss; if right, congratulations to everyone.
Short-term reference: Safety first. Remember that there is no 100% in the market, so make sure to have stop losses. Safety first; small losses with large gains is the goal.
Sell between 3650 to 3700, defend at 3750, stop loss 50 points, target at 3600 to 3550, if broken look at 3500.
Buy between 3500 to 3530, defend at 3470, stop loss 50 points, target at 3600 to 3650, if broken look at 3700.
Specific operations are based on real-time market data. For more information, you can consult the author. The article's release may be delayed and is suggested for reference only, with risks borne by yourself.
This article is exclusively contributed by Cryptocurrency Scholar and represents the scholar's exclusive viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's push, the above viewpoints and suggestions are not real-time and are for reference only. Risks are borne by yourselves. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the issues lie. Do not let the profits that should be yours fly away. It is not necessary to be smarter than the market. When the trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards honesty, business rewards trust, profession rewards precision, and art rewards sincerity. Gains and losses occur in a casual manner. Develop the habit of strictly managing stop losses and profit-taking for each trade. Cryptocurrency Scholar wishes you happy investing!
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