Cryptocurrency Circle Liying: Maintain Faith on 10.30! The bullish trend of Ethereum continues, and the future looks promising! Latest market analysis

Article published on 2024.10.30—02:10

The current price of Ethereum is 2650. Yesterday, Liying chose to enter the market at 2520 after the EMA trend indicator formed a golden cross, gaining a good margin. For a long time, Liying has been following the low bullish trend along with the main force, and the faith has never wavered, unless the trend shifts from bullish to bearish. As long as the trend remains unchanged, the main strategy will continue to be low bullish, as explained in Liying's upcoming statements.

Currently, the K-line pattern on the market shows a clear upward trend. In the 4-hour cycle, multiple bullish candles have formed, and the market's bullish sentiment has been increasing. Although it is still far behind Bitcoin, the trend remains bullish. The technical indicator MACD in the 4-hour cycle shows that the MACD histogram continues to expand, and the DIF line crosses above the DEA line, which is a typical bullish indicator.

The Relative Strength Index (RSI) is close to the overbought zone but has not entered the extreme area, indicating that there is still room above. The trend indicator EMA shows that the short-term EMA7 has crossed above the long-term EMA30 and EMA120, and the price remains above the EMA averages. Therefore, Liying still judges it as a bullish trend. The trading volume on the market is rising in sync with the price, indicating that the main force's capital inflow is driving the price higher, maintaining a high level overall, supporting the current price trend, and reinforcing the bullish outlook.

Today's latest reference points: Bullish

Long entry point 2600, add position point 2550, stop loss 2520, target 2700

Short entry point 2700, add position point 2750, stop loss 2780, target 2600

Reason: Liying chose to start positioning at EMA30, with defense set at the integer level, breaking below which would lead to subsequent support levels. The high position layout is at the pressure point of 2700, with defenses above key resistance levels to ensure safety first. 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 is based on market data and trend analysis from Liying, for reference only, and does not constitute investment advice. For family members' reference. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying 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, 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.

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