Coin Circle Liying: The short-term pullback of Ethereum on December 19 does not change the long-term bullish outlook! The trend remains unchanged, waiting for a rebound! Latest market analysis

Article published on 2024.12.19----01:05

Current price of Ethereum is 3961. Yesterday's Liying strategy remains the same; although the market has pulled back in the short term, we should not change our main idea, as the larger trend is still bullish. According to the current trend, it has reached a critical support point where the main force is accumulating, and Liying suggests looking for opportunities to enter the market and start positioning to avoid missing the opportunity to get on board.

Looking at the current K-line pattern on the market, it is fluctuating at a high level. On the 17th, a long upper shadow was observed, indicating significant selling pressure above. The K-lines on the 18th and 19th showed slight fluctuations, and market sentiment is becoming cautious, with further downward movement possible. The technical indicator MACD currently shows both DIF and DEA as negative values, and the MACD histogram continues below the zero axis, indicating that bearish forces are dominant, but convergence signs are present, suggesting a potential rebound; hence, finding an opportunity to enter is necessary.

The relative strength index RSI is close to the neutral zone around 45, not entering the overbought or oversold ranges, with no obvious trend signals in the short term; however, the long-term bullish outlook remains unchanged. The trend indicators EMA prices are currently below EMA7 and EMA30 but above EMA120, indicating short-term weakness while the mid-to-long-term remains in a bullish pattern. The trading volume has increased alongside price declines, indicating significant outflow pressure; there will continue to be accumulation in the short term, but the trend has not changed, so we can follow the trend. Since we have reached the support level, we should enter the market and consider short positions only when we reach the resistance level.

Today's latest reference points

Long entry point 3800, add position 3750, stop 3700, target 3950

Short entry point 3950, add position 4000, stop 4050, target 3800

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