Cryptocurrency Circle Liying: The Surge on November 12th is Unstoppable! Hold On! Ethereum Soars Past 3300 Again, Who Dares to Short? Latest Market Analysis

Article Published on 2024.11.12—09:00

Ethereum is currently priced at 3333, the rebound continues, and the level of market enthusiasm is beyond imagination. There are no reasons to short as all major indicators show absolute bullish signals. The fear and greed index is still spreading, and in just a few days, market heat has increased, with popularity continuously reaching new highs. Liying continues to support long positions, constantly capturing opportunities, and each gain is significant, truly validating the saying that even a pig can fly when standing on the wind. Let's all keep it up!

Looking at the price trend, the current K-line pattern shows a very obvious upward trend. With such a clear trend, it is certainly a direct signal to go long. From the 9th to the 11th, the price quickly rose from 2962 to 3375, with buying power being very strong. The technical indicator MACD is in the positive zone, and after the DIF line crosses above the DEA line, it continues to diverge upwards, indicating that the market is in a bullish trend, and our bullish outlook remains unchanged.

The Relative Strength Index (RSI) is above 70, entering the overbought zone. Liying has not observed any signs of a pullback, indicating that the current trend is still strongly upward, which is beyond doubt. The trend indicators are all showing upward divergence in the short term, with strong bullish sentiment. Additionally, the trading volume is increasing alongside the price, and the entry of main funds is quite evident. As the saying goes, a bull market does not call a top; just manage your stop-loss and go with the trend.

Short-term Strategy Reference:

Long Entry at 3250, Stop Loss at 3200, Stop Loss Point at 3150, Target at 3400

Short Entry at 3400, Stop Loss at 3450, Stop Loss Point at 3500, Target at 3250

The above is Liying's brief analysis of the current market situation for investors' 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 ever-changing market and embark on their own journey to success.

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