Crypto Circle Li Ying: Another surge on 12.13 to the sky! Will Ethereum's 4000 mark be breached? Latest market analysis

Article publication time: 2024.12.13----01:00

Ethereum's current price is 3930, very close to the 4000 mark before publication. As long as it stretches again, it's just a simple matter of being one step away. The strength of the bulls is stronger than that of the bears, so don't doubt it. If you got in at 3830 today, don't rush to leave. The bullish trend is not over yet. Unless it retraces and breaks below 3900, otherwise, you can hold on and look for the previous highs. Go with the trend, especially with the current strong market trend. Leaving recklessly will cause you to miss the best entry point.

From the price trend analysis, the current K-line pattern rebounded quickly from the low of 3628.41 on the 11th to the high of 3985.3 on the 13th, forming an obvious V-shaped reversal. On the daily K-line, there were three consecutive days of closing in the green from the 10th to the 12th, showing strong upward momentum, clarifying the upward trend. The technical indicator MACD in the four-hour cycle shows DIF and DEA gradually rising and nearing the zero axis, and the MACD histogram turning from negative to positive, indicating that bullish strength is increasing in the short term.

The Relative Strength Index (RSI) is currently around 60, which is in a relatively healthy range, but caution is needed for the risk of a pullback after entering the overbought area. The trend indicator EMA shows that the current price is above EMA7 and has broken through EMA30, indicating a short-term upward trend signal. EMA120 is far below the current price, and the long-term trend remains bullish. Furthermore, the trading volume accompanying the significant price increase shows that market participants' enthusiasm is rising. Although the trading volume of the subsequent K-lines has decreased, the price continues to rise, indicating that market sentiment remains optimistic, with the bulls in the dominant position. The strategy remains primarily bullish while being cautious of the bears.

Today's latest reference points

Long entry point: 3850, add position at 3800, stop loss at 3750, target 4000

Short entry point: 4000, add position at 4050, stop loss at 4100, target 3850

The above analysis by Li Ying is based on market data and trend analysis, and does not constitute investment advice. For family members' reference: $ETH #以太坊行情分析