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Cryptocurrency Academy: Latest Ethereum (ETH) Market Analysis Reference on 2024.11.20
Ethereum's current price is 3138. It is now 2:30 AM Beijing time. I did not write about Ethereum yesterday, and fans asked, so I provided the current price range thinking. With 3140 as the balance point, if it breaks, go short. A quick gain of 50 points can be taken with a stop loss of 15 points. Before the publication, the daily K-line reached a high of 3224 and a low of 3076. Currently, it is closing with a bearish candle. If it does not break the opening price of 3210 at 8 AM, there is a high probability it will continue to go short, and the hope for a rebound is extinguished. Everyone can use the previous high as a directional selection point.
The current trend of the daily K-line is in a bearish retracement stage, having dropped more than a hundred points from above. It is now back to the balance point of 3140. The EMA trend indicator is alternating upwards, and the bullish trend has not ended. The EMA15 support point of 3030 has been reached, and the next trend support point to watch is EMA30 at 2880. The MACD top divergence has significantly reduced volume, and the DIF and DEA may form a death cross at any time. If the large-scale trend begins to go bearish, then in thought, you can look for key resistance levels in the smaller trend to short.
The four-hour K-line has entered an upward channel, and the EMA trend indicator is beginning to contract. The 15 and 30 are starting to contract and overlap; if it does not go above 3130, pay attention to the bearish liquidation. The MACD volume is contracting, and the DIF and DEA are alternating around the 0 axis. The Bollinger Bands are starting to contract, and the long-short range is narrowing, with the box continuing. The upper band focuses on 3190, and the lower band focuses on 3055. In thought, look for opportunities at the upper resistance level to confirm and then arrange to short.
Short-term reference: Safety first. Remember that market conditions are never 100% certain, so always maintain stop-loss for safety. The goal is small losses for large gains.
Pay attention to the upper range of 3190 to 3230; if it doesn't break, go short with a stop loss of 50 points, and target 6130 to 3100. If it breaks, look for 3050.
Pay attention to the lower range of 3010 to 3050; if it doesn't break, go long with a stop loss of 50 points, and target 3100 to 3150. If it breaks, look for 3200.
Specific operations depend on real-time market data. For more information, you can consult the author. There may be delays in article publication; it is recommended for reference only, and risks are borne by yourself.
This article is exclusively contributed by the Cryptocurrency Academy and only represents the exclusive views of the Academy. In-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc., has been conducted. Due to the timing of articles being pushed, the above views and suggestions are not real-time and are for reference only; risks are borne by yourself. Please indicate the source when reprinting. Manage your positions rationally; do not operate with heavy or full positions. The Academy also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the issue lies; do not let the profits that should be yours fly away. There is no need to be smarter than the market. When the trend comes, respond to it; when there is no trend, observe it and stay calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses happen unexpectedly. Develop the habit of strictly maintaining stop-loss and take-profit on every trade. The Cryptocurrency Academy wishes you a happy investment!
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