Crypto Circle Scholar: The Ethereum trend of 11.8 is not over, patiently waiting for the best entry opportunity!

Current price of Ethereum is 2905. After breaking below 2400 and entering long positions, when it broke 2600, I advised everyone to take profits and exit. Now, we are basically in a phase of holding cash and observing, with no operations. We will decide whether to enter the market after the补涨 ends or after a deep pullback. Currently, Ethereum has broken the original thinking and market layout; if it breaks 3000 and then gets pushed down, it indicates that the trend is still within the range. If it stabilizes above three thousand and continues to stretch, then it will be a new situation. Therefore, I suggest everyone to mainly observe for now and prepare for both situations. After breaking three thousand, we can try short positions. If it doesn't break, then wait for a pullback support to go long.

Looking at the market, there have been several days of large bullish candles, directly breaking the EMA trend with all major indicators broken. This morning at eight o'clock, after the daily candlestick opened, it stretched to a high of 2957, with the lowest also staying high at 2887. The EMA trend indicator is contracting, and the 15 fast line indicator has reached the EMA90 support at 2633. It is expected to further stretch and break the EMA120 major support point at 2690. The MACD is increasing in volume, and the Bollinger Bands upper track has been broken at 2869. The bullish trend has not yet finished, and I do not recommend chasing long positions. Wait for a pullback to enter the market again.

The four-hour candlestick has quickly ended the bullish trend of EMA upward net expansion. The EMA15 has stretched to 2745 and is not finished; it is expected to impact the 2800 support point. The MACD volume is decreasing and starting to show divergence. The Bollinger Bands upper track pressure level to watch is 3010, and the middle track support to focus on is 2640. The KDJ divergence has formed a death cross downward. The upper short-term pressure level can already be determined in the range of 3010 to 3040, so keep an eye on defensive measures.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first, small losses with big profits is the goal.

Above, 3010 to 3040 short, defensive level at 3070 to 3100 for additional short positions, stop-loss at 50 points, target at 2950 to 2900, if broken, target at 2850 to 2800.

Below, 2800 to 2830 long, defensive level at 2700 to 2730 for additional long positions, stop-loss at 50 points, target at 2900 to 2950, if broken, target at 3000 to 3050.

I am a scholar in the crypto circle, always a warrior protecting the retail investors. I wish my fans financial freedom in 2024, let's keep pushing forward together! $ETH #ETH行情分析 #以太坊行情分析