Cryptocurrency Market - Liying: On December 8th, set aside emotions and be a calm trader! The winning rate of Ethereum is in your hands! Latest market analysis

Article published on December 8, 2024 ---- 01:45

Current price of Ethereum is 3992, testing the 4000 level since after 7 PM, with fluctuations of just a few points. Keep a calm mindset and do not expect too much from the ups and downs. When you eliminate your emotions and treat yourself like a machine, you will find your winning rate improving. Do not doubt this; it is human nature to lack confidence in our own systems and in ourselves, always worrying about gains and losses, unable to hold on. If you, like Liying, firmly believe that the bullish trend still exists, you will always have your own base position and continuously enjoy the market dividends.

As usual, Liying provides everyone with her current market analysis and insights. First, in the price trend analysis, we can see that the candlestick pattern is oscillating around 4000, forming a short-term consolidation platform. Previously, there was a strong rally that quickly increased from 3787.3 to 4071 starting on the 6th, followed by a high-level consolidation. The technical indicators MACD currently show that both the DIF and DEA are in positive territory, but the MACD histogram indicates weakening momentum, which may suggest a need for adjustment in the short term.

The Relative Strength Index (RSI) is currently at 63.64, close to the overbought zone, and caution should be taken regarding the risk of a pullback. The trend indicator EMA7 has crossed above EMA30 and is far from EMA120, indicating that the medium to short-term trend remains positive. However, the short-term divergence is significant, and a corrective pullback is possible. Trading volume surged on the 6th, indicating increased market participation. From a market sentiment perspective, the bears seem to be recovering, but don't forget that the bullish trend is still ongoing. Since there are signs of bear recovery, we can wait for the bears to reach support points before going long, and look for positions to short after breaking the previous highs.

Today's latest reference points

Long entry at 3950, add at 3900, stop at 3850, target at 4100

Short entry at 4100, add at 4150, stop at 4200, target at 3950

The above analysis is based on Liying's conclusions drawn from market data and trend analysis and does not constitute investment advice. For family reference $ETH #以太坊行情分析