2024.12.31 Ethereum (ETH) Latest Market Analysis Reference
The current price of Ethereum is 3348, and it is now 11 AM. The daily K-line has not yet closed. I mentioned the missed entry point before heading south the day before yesterday. Heading north has caught up with this market trend, and grabbing 100 points is already quite good. The market is expected to continue consolidating, so friends heading south above 3400 should be well-defended and carry stop-loss orders. The target remains around the 3300 support. This frustrating and patient market is most suitable for beginners. The top pressure and bottom support of the range have basically taken shape, so carrying stop-loss orders can achieve small losses with large profits.
The daily K-line reached a high of 3436 and a low of 3300. Coupled with the contraction of the EMA trend indicator, the top trend indicator pressure level has reached around 3470. Therefore, maintaining defense allows for assured holding. The MACD bottom divergence with decreasing volume has been ongoing for a long time. The DIF and DEA are still contracting within the energy indicator, and the overall trend remains a symmetrical triangle contraction. The Bollinger Bands are expanding downward, with the lower support at 3090 and the middle support at 3580.
The four-hour K-line range is the most obvious. The EMA trend indicator is contracting, with the EMA60 pressure level focusing on 3433 and lower support at 3300. The MACD is maintaining the trend of bottom divergence with decreasing volume. The DIF and DEA are just below the 0 axis and could break through the 0 axis at any time. Therefore, friends heading south above 3400 must carry stop-loss orders. If you're wrong, do not force it; if you're right, grab 100 points. If you're wrong, exit with a small loss. The Bollinger Bands are contracting, with the upper band at 3435 and the lower band support at 3315. When trading in the range, have a defense point and stop-loss point to avoid being swept out.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always carry stop-loss orders. Safety first; small losses with large profits are the goal.
Northern trial entry point 3300 to 3250, defense 3200 to 3150, stop-loss 50 points, target looking at 3350 to 3400, break point looking at 3450.
Southern trial entry 3450 to 3500, defense 3550, stop-loss 50 points, target looking at 3400 to 3350, break point looking at 3300.
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