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Scholar in the cryptocurrency circle: November 14, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 3180. This wave is impressive, everyone. Yesterday's price directly hit 3120, deeply retracing long positions, with a target of 3320. Subsequently, before the publication, the price dropped to 3150 after hitting 3300 short positions, continuously retracing to the key trend support point of 3100. The daily K-line reached a high of 3333 and a low of 3115. It is common to have both long and short positions close out, but it is the first time this year that the space for both sides exceeded 150 points in one day. After a good rest, the support point remains the key position of 3100 today.

The daily K-line currently shows two consecutive bearish candles. The EMA trend indicator is expanding upward into the mid-term. The EMA15 fast line support has already reached 2920 and is expected to soon reach 2950. The MACD volume is decreasing, and the daily K-line has returned to the Bollinger Bands channel. Pay attention to the upper resistance level of 3370, while the middle support is still quite far at 2740. The KDJ has contracted downward, and the extreme overbought condition has entered a balanced contraction area. The mindset will maintain a consolidation trend, with fluctuations exceeding 100 points.

The four-hour K-line shows a pregnant line trend, continuously retracing to the EMA30 trend support at 3150. It is essential to understand that a support level that is held for too long will eventually break. Therefore, pay attention to the next support point, EMA60, which is exactly at the integer level of 3000. The MACD shows a top divergence with decreasing volume, and the DIF and DEA are quickly approaching the 0 axis. The Bollinger Bands are contracting, with the long and short positions narrowing. The upper resistance level is at 3380, and the lower support is at 3095. If the box does not break, you can trade back and forth. The KDJ is contracting downward, and the mindset remains within the box trend. If it does not break, trade back and forth; if it breaks, stop loss and exit.

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

For the upper range, short positions from 3300 to 3350, with a stop loss at 3400, 50 points stop loss, and a target of 3250 to 3200. If it breaks, look at 3150 and 3100.

For the lower range, long positions 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. The publication of this article may be delayed, and it is suggested for reference only; 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 a 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 stems 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 occur 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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