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I am a scholar in the cryptocurrency circle, a warrior who has always been protecting the retail investors. I wish my fans financial freedom in 2024. Let's keep pushing forward together!

Scholar in the cryptocurrency circle: December 5, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 3834. It is now 3:35 AM Beijing time. From the current trend, there hasn't been a better entry point than our 3520. You can check the updated trading records; after breaking 3800, I took half of the profits, and the remaining target looks at the highest point of the year, or I will exit only if it breaks the neckline. Some fans say they have already secured 300 points and should exit. Don't think about running away when you make a profit and holding on when you incur a loss. Just follow the trend and go with the flow.

The daily K-line has reached a high of 3856, and the upward stretch is not over yet. The bullish trend in the market remains strong, especially with the EMA trend indicator widening. The daily K-line has jumped four times in a row, which is a rare bullish control. The MACD has continuously diverged upward, with DIF and DEA expanding upward at high levels. The upper pressure level of the Bollinger Bands has reached 3885, and the middle band has also broken 3410. The overall trend has not yet entered the overbought zone, so continue to hold and do not consider shorting for now.

The four-hour K-line has shown six consecutive bullish candles, clearly demonstrating the terrifying stretching effect of Ethereum under sector rotation. I initially thought the four-hour fast line would pull back to the EMA15 trend line at 3695, but it only pulled back to 3735 and did not continue downward. The MACD is rising, with DIF and DEA forming a golden cross. The bullish indicators are strong, and with the Bollinger Bands opening up, the K-line has continuously broken the upper band at 3815. Do not doubt the determination and willpower of the main force in stretching. If you haven't entered the market, hold onto your chips and survive first. If you are already in, don't rush to exit. Remember, never think about cashing out at the highest point. As long as it doesn't break the neckline on a pullback, you can continue to hold your bullish position.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal.

For aggressive traders, you can place a short order at 4000 to 4030 with a stop-loss of 30 points and a target of 50 to 100 points. In a large-scale bullish trend, don't hold short positions for too long; exit early at the neckline.

For long positions, buy between 3670 to 3720, with a stop-loss at 3630 and a target looking at 3800 to 3850. If it breaks, look at 3900 to 3950.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are to be borne by you.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are to be borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When the trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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