Cryptocurrency Circle Li Ying: Ethereum Battles the 2500 Mark on 10.28! Will the Bulls Make a Comeback? Latest Market Analysis

Article published on 2024.10.28—02:20

Ethereum has ultimately broken through 2500. Li Ying's low long strategy was not wrong. Although the weekend market did not have significant fluctuations, it did make a strong push around midnight to break through 2500. Although it has currently returned below 2500, the signal is positive, and the market is favorable, which is enough. The remaining task is to wait for the best entry point opportunity.

Li Ying first analyzes the price trend. Currently, the K-line pattern on the market is oscillating around 2500, forming a small consolidation range. The market trend shows that the bullish momentum is gradually strengthening and stretching upwards. In the MACD technical indicator on the 4-hour cycle, both DIF and DEA are negative, but the MACD histogram is starting to shorten, which may indicate a weakening of bearish momentum. In the short term, the market is likely to hover around 2500, with fluctuations probably not meeting expectations.

The current Relative Strength Index (RSI) is around 45, which is a neutral zone for both bulls and bears. It can be said that the market is in a sideways trend, indicating that there is no space for operation. The trend indicator EMA price is currently below EMA7 but close to this moving average, while EMA30 and EMA120 are above. Overall, the bullish resistance is above 2500, and if it cannot stabilize above 2500, it will continue to retrace downwards. The trading volume is also relatively stable, and the market is expected to further consolidate. If you want to enter the market, choose a high sell and low buy strategy.

Today's latest point of reference: Low Long

Long entry point 2450, add position point 2400, stop loss 2370, target 2550

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

Reason: Li Ying chooses the safest method to start entering near the previous low position. If the previous low is broken, exit the market. Short at the second moving average to prevent missing out. If the previous high is broken, confirm the trend and exit. Safety first. The practical results can be checked with Li Ying. The content of the article is real-time and for reference only; risks are borne by the reader.

The above analysis by Li Ying is based on market data and trend analysis and is for reference only, not constituting investment advice. For family members' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. In this process, Li Ying has experienced the brilliance of bull markets and the gloom of bear markets, accumulating countless precious 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 and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

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