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Cryptocurrency Circle Scholar: 2024.12.3 Ethereum (ETH) latest market analysis reference.
Ethereum current price 3625, it is now three o'clock in the morning Beijing time, let's review first, Ethereum's daily K-line has broken the previous high again, but has also broken the neckline level of 3690, and finally closed the long position at the neckline level, did not chase the short, but got on the train at 3560 with bulls, defending 3530, stop-loss set below 3500, whether it can hold is not the point for now, just get on the train, if wrong, take a small loss to exit, if right, congratulations to everyone.
Looking at the current market, the daily K-line reached a maximum of 3765, breaking the previous high again, then the main force took profit and liquidated the bulls, with a minimum of 3555. We placed our order at 3560, otherwise we really wouldn’t have been able to enter, do not hold any unrealistic expectations, further liquidation actions cannot be ruled out, so be sure to set a good stop-loss, do not consider profits for now, just stay alive. The EMA15 trend fast line support is at 3450, the large-scale neckline level is at 3300, MACD has had a top divergence for a long time, and has been increasing in volume, DIF and DEA are also spreading high without dropping. Currently, although it has come down by two hundred points, it still remains at a high level, the fast line has not broken the upper Bollinger Band at 3790, and the middle track support is at 3350.
Four-hour K-line, a double bearish engulfing pattern appears, continuously piercing the EMA30 trend line at 3615, the next level is the EMA60 support at 3524, the bearish trend is indeed strong, but the larger bullish trend has not yet broken, MACD is shrinking downwards, DIF and DEA have taken the opportunity to approach the 0 axis, coupled with the K-line continuously probing the lower Bollinger Band support at 3570, our entry point is at 3560, which is 10 points below the lower band, the stop-loss will not be too far, if wrong, just take a small loss to exit, pay attention to the next key support around 3300, temporarily hold, the idea of buying on dips remains unchanged, and be cautious when shorting at high levels.
Short-term reference: Safety first, remember that the market is never 100%, so be sure to set a good stop-loss. Safety first, small loss and big profit is the goal.
Sell between 3700 and 3750, defend at 3800, stop-loss at 50 points, target at 3600 to 3550, if broken, look at 3500.
Buy between 3500 and 3530, stop-loss at 50 points, target at 3600 to 3650, if broken, look at 3700.
Currently, maintain the defense point and stop-loss point for the entry at 3560, safety first, pay attention to whether the previous high can be broken to decide whether to close the position. Real trading details have been updated, pay attention to the author.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication. The suggestions are for reference only, and risks are borne by the reader.
This article is exclusively contributed by the Cryptocurrency Circle Scholar, representing the exclusive views of the scholar. In-depth research is conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's push, the above views and suggestions are not real-time and are for reference only, risk is borne by the reader. Please indicate the source when reprinting, manage positions reasonably, and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you make a mistake, you should summarize where the problem lies within yourself, and do not let profits that should have been in hand fly away. There is no need to be smarter than the market. When the trend comes, respond accordingly; when there is no trend, observe and remain calm. It is not too late to take action once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, work rewards precision, and art rewards heart. Gains and losses come unexpectedly. Develop the habit of strictly managing stop-losses and take-profits for each trade. The Cryptocurrency Circle Scholar wishes you happy investing!
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