Coin Circle Li Ying: 12.27 Long and Short Showdown! Ethereum Sudden Drop Warning! Will Bottom Rebound Become Mainstream? Latest Market Analysis

Article Published on 2024.12.27----01:30

Ethereum current price 3340, the support below has been lost too quickly, 3400 was originally the entry point chosen by Li Ying for going long, but after a sudden drop, Li Ying chose to go short in the direction of the trend. Although profits haven't been realized yet, based on the market trend, capturing a 100-point space still seems possible. Once a deeper bottom is tested again, considering going long will be feasible, temporarily focusing on short.

Li Ying first analyzes the price trend. Currently, the market's candlestick pattern is fluctuating between 3350 and 3500, showing a volatile trend with multiple long upper and lower shadows, indicating that there is strong selling pressure and support in the market. The technical indicator MACD shows that bearish strength is dominant but showing signs of weakening, which confirms that Li Ying's judgment is correct; after another bottom test, going long can be considered.

The Relative Strength Index (RSI) has not entered the overbought or oversold zones, indicating that the short-term fluctuation will continue. The trend indicator EMA is diverging downward, with short-term, medium-term, and long-term trends all biased to the bearish side. The current price is below all EMAs, indicating that the overall trend remains weak. Additionally, with increased trading volume, market activity has increased. There is a significant volume increase near the highs, and there is also a certain level of support at the lows, showing fierce competition between long and short positions. The strategy remains unchanged: selling on highs and buying on lows.

Today's Latest Point of Reference

Long Entry Point 3300, Add 3250, Stop 3200, Target 3500

Short Entry Point 3450, Add 3500, Stop 3550, Target 3350

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