Liying in the Crypto Circle: Ethereum Battles the 2500 Mark on October 28! Latest Market Analysis

Article Published on 2024.10.28—02:20

Ethereum has finally broken the 2500 mark. Liying's strategy was not wrong. Although there were not significant fluctuations in the weekend market, it made 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 rest is just waiting for opportunities.

Liying first analyzes the price trend. Currently, the K-line pattern around 2500 is oscillating, forming a small consolidation range. The market trend shows that the bullish momentum is gradually strengthening and stretching upwards. In the technical indicator MACD on a 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, and the volatility is expected to be less than anticipated.

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 with no space to grasp. 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. 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 Reference Points: Low Long

Long entry point at 2450, additional buy point at 2400, stop loss at 2370, target at 2550.

Short entry point at 2550, additional sell point at 2600, stop loss at 2630, target at 2450.

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

The above analysis by Liying 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, Liying has continuously explored and experienced hundreds of different digital assets. In this process, Liying 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, Liying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。