Crypto Scholar: 12.25 Ethereum faces pressure and opportunities above 3550; how to identify the true intentions of the main players?

　　The current price of Ethereum is 3455, and it is currently four o'clock in the morning Beijing time. I apologize for not providing analysis on Ethereum for several days due to being plagued by a virus, but I am feeling much better now. Many of you have been urging me to update, and since I can't sleep anyway, I'll provide some reference. Currently, the K-line has rebounded after a major correction around the 0.618 level, which is a normal phenomenon. Every time it reaches the golden ratio line at 0.618, a rebound occurs, which is normal. Friends who are going long can exit above 3500, while those who are going short can look at 0.618.

　　The daily K-line has a high of 3541 and a low of 3358. It cannot be ruled out that the main players will engage in back-and-forth market washing. Do not be fooled by appearances, and don't enter the market based on feelings. Think clearly about whether it is rules or emotions driving you. If it is emotions that prompt you to act, then manage yourself and do not enter the market. If it is rules, then execute according to the rules. The upper pressure level can be monitored at the convergence point of EMA15 and 30, which is in the range of 3550 to 3580, where strong pressure will be present. MACD is shrinking with increased positions, and DIF and DEA are entering a polarization phase. At this moment, be cautious of large fluctuations in long and short positions and avoid chasing highs and cutting losses. Wait for key pressure or support levels to position yourself.

　　On the four-hour K-line, we can see a pullback after failing to break 3550. Many people have started to test their positions short at 3500, so do not rush to exit; if it's good, then that's fine. The EMA trend indicators are still contracting, and EMA15 and 30 are also contracting. Pay attention to the balance point near 3400. The MACD is reducing in volume, and the K-line has broken the upper Bollinger band at 3490 but has returned to the channel, focusing on the mid-line at 3360 and the lower line at 3235 as two key points. The upper pressure level to watch is the trend's top pressure at 3590. The points above and below are found; the rest is to wait for the entry into the trading range before acting. With a hopeful heart and two hands prepared, regardless of long or short, take action when the position is right.

　　Short-term reference:

　　Long entry point: 3350 to 3300, stop loss at 3250, 50 points stop loss, target at 3400 to 3450, break level at 3500 to 3550.

　　Short entry point: 3550 to 3600, stop loss at 3650, 50 points stop loss, target at 3500 to 3450, break level at 3400 to 3350.

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