Cryptocurrency Circle Liying: The Potential Not Shown on 12.15! How Long Will Ethereum Remain Silent at 3850? Latest Market Analysis

Article Published on 2024.12.15 ---- 01:30 AM

The current price of Ethereum is 3860. Ethereum has waited all 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 probing the bottom. Therefore, Liying chooses to continue waiting. After the bottom is reached, she will consider entering to go long, as the market has profit potential. However, she is not rushing in because the larger trend remains bullish. The best approach is to stay out of the market and wait to go long after the bottom is confirmed, or look for shorting opportunities after breaking 4000.

Now, let's look at the current market analysis. The candlestick pattern is fluctuating around 3900, forming a relatively obvious range of consolidation. On the 13th and 14th, long upper shadows appeared, indicating some selling pressure above. The technical indicator MACD shows that the current DIF and DEA are close to the zero axis below, and the MACD histogram has turned from positive to negative, indicating that bullish strength is weakening in the short term and may enter an adjustment phase.

The Relative Strength Index (RSI) has fallen from the overbought area to the neutral zone, currently around 48.58, indicating that market sentiment is stabilizing, but caution is needed for further declines. The trend indicator EMA7 has been broken, while EMA30 provides support, and EMA120 is still at a distance. The overall trend leans towards consolidation. Additionally, trading volume significantly increased between the 13th and 14th, especially during high points, indicating fierce competition between bulls and bears. The latest candlestick shows a decrease in trading volume, suggesting a heightened wait-and-see sentiment in the market. This indicates that everyone is waiting and being cautious, not wanting to chase highs or panic sell. Therefore, it is even more advisable not to enter the market at this time and to wait for a clear direction before taking action.

Today's Latest Reference Points

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

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

The above analysis is based on Liying's conclusions drawn from market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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