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Crypto Community Scholar: December 12, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3800. It is now 3:35 AM Beijing time. The short pullback at 3767 broke 3640, allowing for a small profit exit. This was yesterday's real-time thought process, and I believe everyone has seen it. The 4-hour EMA120 trend indicator has continuously held above the support point of 3633, and I prefer to go long on Ethereum rather than short, as Ethereum's share is equalizing every day, indicating that the power of sector rotation is still strong, and the bullish trend remains robust.

The daily K-line broke the EMA15 trend line at 3710, reaching a high of 3821 and a low of 3563. The MACD is decreasing, but the DIF and DEA are at high levels. The Bollinger Bands' upward channel continues, with the K-line standing at the middle track of 3655 before stretching upward. Pay attention to the upper track resistance at 4075. For those who haven't entered, watch the Bollinger Bands' middle support at 3655. Those who have entered can continue to hold, ensuring proper defense and stop-loss measures.

The 4-hour K-line is starting to challenge the upward trend line at 3850. The K-line has risen above the EMA30 trend line at 3785. The head and shoulders bottom trend has broken the horizontal resistance at 3750, continuing the bullish trend. The MACD has ended the decrease in volume and is accumulating, with the DIF and DEA forming a golden cross trend. The Bollinger Bands are expanding downward but are blocked as the K-line breaks above the middle track at 3780. It is expected to stay at the middle track for a certain period before continuing to push upward. The lower track support is at 3525. The overall trend is bullish, with shorts as a supplement. As long as the larger trend remains unchanged, treat all pullbacks as false signals.

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

For the upper range of 3850 to 3880, go short with a stop-loss of 50 points, targeting 3800 to 3750, and if broken, look at 3700 to 3650.

For the lower range of 3550 to 3600, go long with a stop-loss of 50 points, targeting 3700 to 3750, and if broken, look at 3800 to 3850.

Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed, so it is suggested for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Community Scholar and represents the scholar's unique perspective. 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 views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. 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 a 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 Crypto Community Scholar wishes you happy investing!

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