Coin Circle Liying: The battle of Ethereum on 9.26! The support at 2550 will determine your future! A comprehensive view of the latest market analysis and trading strategies!

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1 day ago
  • AICoin: Liying in the currency circle: Ethereum's battle on 9.26! The support at 2550 will determine your future! A comprehensive analysis of the latest market trends and trading strategies!

    Article release time: 2024.9.26—08:35

    Ethereum, like Bitcoin yesterday, is guided in sync, but missed the best point for long positioning. The strategy was finally laid out at the 2670 resistance level, with a target of 2600, aiming for a 70-point space. The defense at 2550 for long positioning was almost ready to enter, but the market did not provide an entry opportunity, so we can only wait for the next opportunity to appear and take action. Next, let's take a look at the current trend of Ethereum's market.

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    It can be seen that the current four-hour candlestick pattern fluctuates within the range of 2600 and 2700, with obvious upper and lower shadows, indicating intense market competition between long and short positions. However, the recent few candlesticks show relatively long upper and lower shadows, especially on the 25th and 26th, indicating clear selling pressure in the market, continuously testing the support below.

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    The MACD fast and slow lines show a death cross sign at a high level, indicating that the market intends to retrace support. Looking at the RSI value, it is gradually decreasing from the overbought area and is currently around 46, which further confirms the possibility of retracing support. The trend indicator EMA: the current price is slightly lower than EMA7 and EMA30, but far higher than EMA120, indicating a weak short-term trend and a still positive medium to long-term trend. Therefore, we can wait for further market bottoming before attempting long positions.

    Liying's latest reference points for today (bullish):

    Long position at 2550, additional position at 2500, stop loss at 2470, target at 2650

    Short position at 2700, additional position at 2750, stop loss at 2780, target at 2600

    Liying believes that the area from 2550 to 2500 is a critical support level. As long as the bulls hold, Liying believes that it is possible to position long here, be prepared to defend, and set a good stop loss. As for shorting at 2700, it is because the previous two attempts to break through 2700 have failed, indicating effective pressure from the previous high points.

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    The above is Liying's brief analysis of the current market trends for reference by investors. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating numerous valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams to find their own position in this unpredictable market and embark on their journey to success.

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