Crypto Circle Academician: On December 29, Ethereum is about to welcome a new upward cycle! What is driving it?
Current price of Ethereum is 3405, back at the top resistance level, the market has reached the southward pressure point, set your stop-loss and defense well, and let time handle the rest. Friends holding coins above 3300 should pay attention to whether 3400 can hold; as long as it doesn't hold, profits can be taken. Currently, we are looking at whether the short-term indicators can form a double top at 3410; if the double top fails, the main force will further stretch to impact the major resistance level at 3520, which serves as the southward defense point. If it breaks, set a stop-loss; safety first, no matter what.
Daily K-line highest at 3412, lowest at 3320, currently breaking the EMA60 trend line, pressure has turned to support at 3370, the major golden ratio level 0.618 support at 3340 is effective, EMA15 and 30 trend pressure levels are above 3500, MACD continues to shrink and increase positions with bottom divergence just formed, DIF and DEA have both entered below the 0 axis line, the Bollinger Bands are pressing down, the middle track pressure level to watch is 3613, and the lower track support is 3140.
Four-hour K-line golden cross trend has formed, K-line broke the EMA30 trend line at 3390, impacting EMA60 is just a matter of time. This position is not a southward entry point; being steady, continue to look up at the EMA90 and 120 trend pressure levels above 3510. The Bollinger Bands are contracting, the upper track line is at 3480, currently this position is not suitable for chasing the rise, aggressive traders can try southward at 3450, defend at 3520, if it breaks, look for opportunities to exit; if it doesn't break, adjust the average price up. Friends holding coins to the north can continue to hold if the pullback does not break 3400, do not think about taking profits at the highest point, only take profits at the pullback points; this way, the margin for error will be smaller, and the returns will be more stable.
Short-term reference: Safety first, remember that the market is never 100% certain, so always set a good stop-loss. Safety first, small losses and big gains are the goal.
Northern trial position 3240 to 3200, defense 3150 to 3100, stop-loss 50 points, target looking at 3300 to 3350, break point looking at 3400 to 3450.
Southern trial position 3450 to 3500, defense 3550, stop-loss 50 points, target looking at 3400 to 3350, break point looking at 3300.
I am an academician in the crypto circle, a warrior always protecting the retail investors. I wish my fans financial freedom in 2024, let’s work hard together!
$ETH #以太坊行情分析 #ETH合约