Liying in the Crypto Circle: Why is the Medium to Long-Term Trend of Ethereum Still Bullish on December 18? Latest Market Analysis

　　Article Published on 2024.12.18 ---- 01:25 AM

　　Current price of Ethereum is 3965. Liying's target from yesterday's article was perfectly reached, starting from over 3900 with a final target of 4100. Then, a short position was taken at 4100, and before publishing, profits were taken at 3950, capturing 350 points from both long and short positions. 3950 has been re-entered, and the target is to see if it reaches the previous high. A stop-loss is set at 3900; if it falls below 3900, manual exit is advised. Safety first, and proper risk management is essential.

　　Currently, regarding the market trend, Liying first discusses the K-line pattern. The current price is fluctuating around 4000, with a long upper shadow appearing on the 17th, indicating significant selling pressure above. The K-line on the 16th was a long lower shadow bullish candle, suggesting some support below. In the MACD four-hour technical indicator cycle, DIF and DEA are close to convergence, and the MACD histogram has turned from positive to negative, indicating a balance of bullish and bearish forces in the short term, but with signs of weakening.

　　The current Relative Strength Index (RSI) is around 53, in a neutral zone, with no clear overbought or oversold signals. The EMA trend indicator shows the current price is below EMA7 and slightly above EMA30, indicating a weak short-term trend, while the medium to long-term remains upward. An increase in trading volume is a positive sign, and an increase in the turnover rate of long and short positions is beneficial for us as long as the trend remains unchanged. As long as we manage our risks well, we can leave the rest to time. Liying's approach remains unchanged, primarily focusing on going long while using shorts as a supplement.

　　Today's Latest Point of Reference

　　Long Entry at 3900, Add at 3850, Stop at 3800, Target at 4000

　　Short Entry at 4050, Add at 4100, Stop at 4150, Target at 3900

　　The above analysis is based on market data and trend analysis by Liying and does not constitute investment advice. 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, hoping 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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