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Scholar in the cryptocurrency circle: November 13, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 3236. It is now 10:50 AM Beijing time. I will provide a very short-term trading idea for everyone to grasp. After monitoring the market for six consecutive nights, I took a break yesterday to catch up on sleep and have been watching the market since then. Looking at the current market, we can see that the attempt to break 3450 yesterday failed and was pushed down. There is a suspicion that the main force is raising the price to sell off, as the pullback to 3200 has a range of 250 points. This is a typical scenario where retail investors are mocked and harvested, with 250 being the number.

Therefore, AI cannot do this. At this time, the main force is in a highly controlled phase. Yesterday closed with a bearish candle, so today we will see if it can recover and break the previous high, and stabilize above 3450. Otherwise, there is a high probability that the market will reverse. The EMA trend indicator is still expanding upwards, and the probability of this reversal is very small, but it does not mean it does not exist. The MACD shows a noticeable decrease in volume, and the DIF and DEA are expanding upwards, just breaking out of the energy indicator. After the Bollinger Bands expanded upwards, the K-line finally returned to the Bollinger Bands channel. The upper resistance level to watch is 3380, and the lower support level is 3180.

The four-hour K-line has formed strong resistance at 3370 four times. It has now returned to the EMA15 trend line support point at 3235. Pay attention to the next support point EMA30 at 3135. The MACD shows a top divergence with continuous shrinking volume in the bearish trend. The DIF and DEA are expanding downwards from a high position, and the Bollinger Bands upward channel is starting to contract. The K-line has reached the mid-track balance point. The lower support reference is 3090, and the upper resistance to watch is 3235. The overall larger trend is still bullish. Since the trend has started to pull back down, we can focus on key support points. If the support holds, we can start testing long positions. If it breaks, we should promptly remedy and switch to short positions. Do not confront the trend head-on; be prepared with a red heart and two hands.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses and big profits are the goal.

For the upper range, short from 3250 to 3300, with a stop-loss at 3350, 50 points stop-loss, and a target of 3200 to 3150. If it breaks, look at 3100 to 3050.

For the lower range, long from 3050 to 3100, with a stop-loss at 3000, 50 points stop-loss, and a target of 3200 to 3250. If it breaks, look at 3300 to 3350.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When the trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

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