Coin Circle Li Ying: Ethereum Market Trends on October 27 - How Can Investors Position Themselves for Profit? Latest Market Analysis

Article Published on 2024.10.27 - 01:00 AM

Yesterday, Ethereum entered at 2460, and the second target of 2410 was also reached. The stop-loss was set at 2380, with the lowest point at 2380.9. Li Ying regrettably exited just 0.9 points away, but fortunately, the execution was firm enough not to be swayed by market fluctuations. Currently, the Ethereum price is at 2475, with only a fifty-point range. As always, those who want to exit can do so freely; I do not oppose taking profits, but I do not recommend holding onto losing positions. Stopping losses is both a principle and a bottom line; once broken, Li Ying will definitely exit without hesitation.

Looking at today's price trend, first, the candlestick pattern on the order book is fluctuating within the 2500 to 2600 range, showing a consolidation pattern. The daily candlestick shows a long lower shadow on the 25th, indicating strong support below. In the MACD technical indicator on the 4-hour cycle, both DIF and DEA are negative, and the MACD histogram is below the zero axis, indicating that bearish forces still dominate, but there are signs of convergence and a clear rebound is emerging.

The current Relative Strength Index (RSI) is around 40, not entering the overbought or oversold zones, indicating a relatively neutral market sentiment. The trend indicator EMA price is above EMA7 but below EMA30 and EMA120, showing a short-term rebound trend, but overall still under long-term moving average pressure. Recently, trading volume has increased, especially during the significant drop on the 25th, indicating fierce competition between bulls and bears. In the following days, trading volume gradually decreased, and market sentiment became more cautious. The overall market trend is in a triangular consolidation phase, with increasingly narrow fluctuations.

Short-term Strategy Reference: Low Long

Long entry point at 2400, add position at 2350, stop-loss at 2320, target at 2550.

Short entry point at 2550, add position at 2600, stop-loss at 2630, target at 2450.

Reason: Approaching previous lows, there may be support; integer levels provide support, and nearing recent rebound highs, there may be selling pressure. Li Ying seeks stability, and stability is the way forward. The content of this article is time-sensitive and for reference only; risks are borne by the reader.

The above is a brief analysis by Li Ying regarding the current market situation for investors' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying 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, Li Ying feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this ever-changing market and embarking on their own successful journey.

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