AICoin: Ethereum is expected to break the previous high on September 27th, and MACD and RSI are "joining forces" to gather thousands of charms! Latest market analysis

Article release time: 2024.9.27—09:30

The highest point of Ethereum yesterday was at 2666, while the train of thought given by AICoin yesterday was around 2550, with a target of 2650. This nearly perfectly grasped the trend of yesterday. Looking at the current candlestick pattern, the price fluctuates within the range of 2600 and 2700, showing an overall oscillating upward trend. With multiple long lower shadow candlesticks, AICoin judges that the bottom support is effective, and after probing the support, it can continue to go long.

The average values of MACD's DIF and DEA are gradually stabilizing, and the MACD histogram has turned from negative to positive, indicating signs of market stabilization. As long as further confirmation is awaited, it is possible to position long near 2630. Looking at the RSI14 indicator, it is currently around 55, indicating a sign of high-level consolidation in the short term. The trend indicator EMA7 is greater than EMA30, which is greater than EMA120. It can be seen that the short-term, medium-term, and long-term moving averages are in a bullish arrangement, indicating a continuation of the bullish trend. Naturally, the current action to be taken is to follow the trend.

Although the recent trading volume is not as large as Bitcoin's, the funds are much more active than before, especially on the 26th, there was a significant increase in trading volume, indicating an increased willingness of funds to enter the market, which is a good sign. This indicates that Ethereum will still challenge the psychological barrier of 2700. In the future, it is important to focus on the momentum of the 4-hour and daily candlestick levels. If the trading volume continues to cooperate, breaking the previous high is inevitable. Therefore, AICoin suggests that after a pullback in support, long positions can continue to be deployed. For short-term trading, remember not to set the stop-loss too far away. Risk control comes first, and trading comes second.

Comprehensive judgment: Focus on long positions with short positions as a supplement.

Today's latest reference points:

Long entry point: 2600, additional purchase point: 2570, stop loss: 2540, target: 2700

Short entry point: 2700, additional purchase point: 2750, stop loss: 2780, target: 2630

Reasoning: AICoin believes that the short-term support has been raised, so entering at a higher level, from 2550 to near the 2600 level, is to avoid missing the opportunity to get on board. 2700 is the recent high point of pressure. Continuous challenges to 2700 indicate strong pressure, so trying to go short with a good stop loss is acceptable.

The content of the article is timely and for reference only. Trade at your own risk.

The above analysis is the conclusion drawn by AICoin based on market data and trend analysis of the market, for reference only and does not constitute investment advice. For the reference of everyone. 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 the bull market and the dimness of the bear market, accumulating countless valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, AICoin 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 own journey to success.

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