Cryptocurrency Li Ying: The Undisclosed Momentum on 12.15! How Long Will Ethereum Remain Silent at 3850?

Article Published on 2024.12.15----01:30

Current Price of Ethereum is 3860. Ethereum has waited a day for the market to arrive, only to reach the support at 3850, but there are no signs of a stable rise, and there is a possibility of further retesting. Therefore, Li Ying chooses to continue waiting. After the retest ends, they will choose to enter a long position. The market has potential for profit, but does not chase it, as the larger trend remains bullish. The best approach is to stay out of the market and wait, focusing on going long after the retest, or looking for short opportunities after breaking 4000.

Let’s take a look at the current market analysis. The candlestick patterns around 3900 show a clear fluctuation within a range, with long upper shadows appearing on the 13th and 14th, indicating selling pressure above. The technical indicator MACD shows the current DIF and DEA are close to the zero axis below, and the MACD histogram has turned from positive to negative, indicating a weakening of bullish strength in the short term, possibly entering an adjustment phase.

The Relative Strength Index (RSI) has fallen from the overbought area to the neutral zone, currently around 48.58, indicating market sentiment is stabilizing, but further declines should be watched for. The trend indicator EMA7 has been breached, EMA30 provides support, and EMA120 is still far from the price level. Overall, the trend leans towards consolidation, coupled with a significant increase in trading volume between the 13th and 14th, especially during high prices, showing fierce competition between bulls and bears. The latest candlestick shows a decrease in trading volume, indicating a stronger wait-and-see sentiment in the market, suggesting everyone is waiting, all are ideal, not wanting to chase highs or cut losses, so it’s even more advisable not to enter the market at this time. Wait for the direction to emerge before taking action.

Today's Latest Reference Points:

Long Entry at 3800, Add at 3750, Stop at 3700, Target 4000

Short Entry at 4000, Add at 4050, Stop at 4100, Target 3850

The above analysis by Li Ying is based on market data and trend analysis of the order book and does not constitute investment advice. For family reference only $ETH #以太坊行情分析