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Crypto Scholar: November 18, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3115. It is now 10:50 AM Beijing time. Yesterday's box trading strategy allowed everyone to make their own decisions: stop loss at 10 points above 3050, short at 3150 with a 10-point stop loss. Most people chose to wait and see, with only a few taking action. After all, breaking out of the box is relatively easy. Rationality is ultimately a good thing. Although the box's long and short positions reached 200 points yesterday, the overall market is likely to undergo a U-shaped transition, leading to a low long trend that could challenge previous highs. Therefore, it is advisable to minimize operations and protect the chips in hand. The weekly candle closed with a bearish K-line, and the daily K-line is currently at the neckline. This week's bullish top trend pressure level to watch is the 2280 rising trend line; as long as it doesn't break, we can start considering short positions.

Currently, the daily K-line has reached the EMA15 trend support above 3000. The overall trend indicators are still expanding upwards, and the MACD's top divergence has significantly reduced volume. The DIF and DEA are contracting at high levels, and a death cross could form at any time. The probability of the Bollinger Bands' expansion trend line retracing to the middle track at 2880 is increasing. The KDJ is expanding downwards, and the overall trend divergence is spreading downwards. A stretch followed by a pin bar ending the divergence trend is expected.

The four-hour K-line has returned to the EMA trend indicators, with EMA15 and 30 overlapping at the 3115 pressure level. The MACD is contracting, and both long and short volumes are insufficient. At this time, trading volume and turnover rate are decreasing, indicating that the main force has not harvested many chips during the stretch. There is a situation of high-level consolidation, making it difficult to act. After the Bollinger Bands contract, the distance between long and short positions narrows, with the upper track at 3190 and the lower track at 3010. The strategy can be laid out based on this.

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 are the goal.

For the upper range, short from 3180 to 3230, with a stop loss at 3270 to 3300, risking 50 points, targeting 3100 to 3050, and if broken, looking at 3000 to 2950.

For the lower range, long from 2900 to 2950, with a stop loss at 2850 to 2800, risking 50 points, targeting 3000 to 3050, and if broken, looking at 3100 to 3150.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, so it is recommended for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Scholar and represents the scholar's unique perspective. 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 views 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. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to 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 Crypto Scholar wishes you happy investing!

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