Title: AICoin: Ethereum's New Chapter on September 19: Can the 2400 Level Hold Firm, Ready to Take Off! Latest Market Analysis
Article Release Time: September 19, 2024—10:25 AM
The market has broken through the resistance level and reached the key point of 2400. Whether it can hold steady is gradually becoming clear. Starting with the price trend analysis, it can be seen that the current four-hour market K-line pattern shows an oscillating upward trend, with the price gradually rising from the low point of 2295 to the latest price of 2395. There are multiple long lower shadow K-lines, indicating strong support below.
The MACD technical indicator: the average values of DIF and DEA are upward, and the MACD histogram has turned from negative to positive, indicating an increase in bullish momentum. The current RSI14 is at 59.22, showing that there is still room for upward movement in the market. The EMA7 has crossed above the EMA30 and is far above the EMA120, indicating a short-term bullish advantage.
Looking at the market's trading volume, it has significantly increased, especially from 20:00 on the 17th to 08:00 on the 18th, showing increased fund activity. The latest K-line has seen a slight decrease in trading volume, but the price still remains at a high level, indicating stable market sentiment. It is expected that the market will steadily stretch in the future, with a slow upward trend and no violent stretching. Therefore, it is judged that in the short term, the foundation will be built around the 2400 level.
In summary, it is believed that the short-term trend will continue to stretch after a period of consolidation.
Today's latest reference points: Risk control comes first, trading comes second
Long position entry point: 2350, additional purchase point: 2300, stop loss: 2270, target: 2450
Short position entry point: 2450, additional purchase point: 2500, stop loss: 2530, target: 2400
The above analysis is based on market data and trend analysis and is for reference only. It does not constitute investment advice. It is for everyone's reference. Over the past decade, AICoin has continuously explored and experienced hundreds of different types of digital assets. In this process, AICoin has experienced the brilliance of bull markets and the dimness of bear markets, accumulating numerous valuable experiences and profound lessons. As a female trader who has been striving in this challenging field, AICoin feels a responsibility to share her insights and hopes to help others with dreams find their position in this unpredictable market and embark on their own journey to success.
The content of the article is time-sensitive and is for reference only. Proceed at your own risk.
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