Coin Circle Liying: 11.14 Shorts strike back! See how Ethereum struggles to survive in the short-term selling pressure! Latest market analysis

Article release time 2024.11.14----02:15

The current price of Ethereum is 3275. Ethereum has entered the box again. Yesterday, I reminded everyone that the volume of transactions gradually decreased after the increase, which is a typical profit-taking behavior after a sharp rise. Therefore, Liying will give a box market. Now you can see that the support is effective after the market bottoms out at 3120, and the pressure level is effective after stretching to 3333. There are 200 points of space for both long and short positions. It is still time to go short at 3330. The target below is 3150 to 3100. Congratulations to the fans who keep up.

Looking at the current market, Liying first analyzes the price trend. The K-line pattern of the market shows obvious fluctuations near 3300, forming a relatively wide range of shocks. The price fell from the high of 3449 to 3120, showing a strong selling pressure signal. The technical indicator MACD bar chart is in the negative area, and DIF and DEA are both sending downwards. Scattered, indicating that the market may continue to be under pressure in the short term, and the pressure level is effective, so short selling is possible.

The relative strength index RSI value is around 55, falling from the overbought area, but not entering the oversold area, showing a certain need for adjustment. The trend indicator EMA7 has fallen below EMA30 and is close to EMA120. The short-term trend is bearish, and the medium- and long-term support still exists. The trading volume and price have fallen sharply and began to decrease, but panic selling appeared in the market. Therefore, Liying judged that the market sentiment is gradually stabilizing, but the wait-and-see sentiment is strong. Short selling can continue to look down at the target and look at the previous low. After reaching it, take profits and consider long after the decline stops.

Today's latest point reference

Go long at 3150, make up 3100, stop 3070, target 3350

Short at 3350, make up 3400, stop 3450, target 3150

The above analysis is the conclusion drawn by Liying based on market data and market trend analysis, and does not constitute investment advice. For family members' reference$ETH #ETH行情分析 #以太坊行情走势分析