Ethereum long positions have been profiting for several consecutive days!
币圈参谋长
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Bullish
📣Ethereum is rising again, how should we operate to grasp the steady income! 📈
BTC broke through 100,000, the market sentiment was high, driving ETH up. ETH ecological currency Puffer exploded 50% today, indicating that ETH ecology is developing well and has potential in the future. At the same time, ETF accelerated its holding of ETH, indicating that institutions are also optimistic about the future of ETH.
From the daily trend chart, we need to pay attention to the position of 3940!
[Analysis of Ethereum price trend in four hours]
K-line pattern:
The recent K-line showed a clear upward trend, especially the big positive lines on December 4 and 5, which showed strong buying power. On December 3, a small negative line with a long lower shadow appeared, indicating that there is a certain support at a low level.
Technical indicators:
MACD: The current MACD histogram continues to expand, and the DIF line crosses the DEA line, showing that the bullish momentum is increasing.
RSI: The RSI value is at 75.58, close to the overbought zone, but has not yet entered the extreme overbought state, indicating that the market still has room for upward movement.
EMA: The price is currently above EMA7, EMA30 and EMA120, and the short-term, medium-term and long-term moving averages are in a bullish arrangement, supporting continued bullishness.
Trading volume:
The trading volume increased significantly on December 4, accompanied by price increases, indicating active capital inflows. The trading volume decreased on December 5, but the price remained high, indicating that the market sentiment was optimistic.
It is recommended that Ethereum pullback to 3900-3920 near long orders to enter the market, stop profit point: 3940-3970. If the trend stabilizes above 3940, long orders can continue to hold above the target of 4000!
If the pullback is recommended to cover long positions near 3870, the target point: 3910-3940.
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