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Crypto Community Scholar: December 15, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3858. It is now 4:10 AM Beijing time. The daily K-line has a high of 3950 and a low of 3825. The strategy suggests a short at 3950, which is quite aggressive, so a stop loss of 30 points is recommended. Currently, the space has exceeded 100 points, and there is still potential for a pullback in the short term. Therefore, if the pullback does not break 3900, the short can be held. If it breaks, take a small profit. For downward movement, pay attention to taking profits in two positions: the first at 3770 and the second at 3710. The specific reasons are as follows.

The daily K-line ascending channel is already clear, but it is a large-scale ascending channel, so the back-and-forth space is relatively large. Additionally, the EMA15 trend fast line is still stretching, so a drop below 3765 support is considered normal market behavior and should not be seen as an entry point for long positions. The MACD continues to show a volume contraction with a top divergence trend unchanged, with DIF and DEA still at high levels. Coupled with the Bollinger Bands channel expanding upwards, the upper band has been hovering around 4100, while the lower band has continuously stretched and has broken 3370. The middle band has also stretched to 3735. The K-line has been stretching within the ascending channel, so a drop below 3735 can be considered as the first trial entry point for long positions, with the next trial entry point around 3400.

The four-hour K-line has continuously retreated and has fallen into the EMA trend indicator. The EMA15 support has turned into a resistance level at 3880. The MACD has started to show a volume contraction downwards, with DIF and DEA not far above the 0 axis. The Bollinger Bands are showing a contraction, and the K-line has come above the lower band support at 3820, forming a short trend. Therefore, the short at 3950 does not need to be exited immediately. Pay attention to the large-scale trend support at 3710. For those who have not entered, it is advisable to avoid chasing highs and lows for now, and wait for key points to enter with proper stop losses. After all, the essence of trading is survival; do not open positions casually.

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 is the goal.

For the upper range, short from 3950 to 4000, with a stop loss at 4050, risking 50 points, targeting 3900 to 3850, and if broken, targeting 3800 to 3750.

For the lower range, long from 3750 to 3700, with a stop loss at 3650, risking 50 points, targeting 3800 to 3850, and if broken, targeting 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 the reader.

This article is exclusively contributed by the Crypto Community Scholar 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 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. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to 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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