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Cryptocurrency Scholar: November 25, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3350. It is now 6:45 AM Beijing time. Indeed, the descending triangle on the 15-minute K-line at the short-term level is a short-squeeze indicator. The K-line has effectively retraced to the EMA30 neckline but has been unable to break through the resistance at 3320. If this level is broken, we can consider continuing to build long positions rather than shorting here. Let's take a look at the market.

The daily K-line has formed a double top, breaking the previous high and attempting to reach 3500. The effective retracement to the neckline indicates bullish holding. The EMA15 trend support is at 3170, and the MACD continues to expand. The upper Bollinger Band is at 3580, with the middle band support at 3120. The overall trend remains bullish, and since we know the trend is up, all short indicators can be classified as short-squeeze indicators. Look for positions to build long at support points, and manage your stop-loss accordingly. If wrong, cut losses without hesitation; if right, hold and look for the previous high.

The four-hour K-line has retraced to the EMA30 support point at 3300 and has continuously held this support level. The MACD is contracting and accumulating, and the Bollinger Bands are narrowing. The first pressure point on the middle band is at 3360, with the upper band pressure at 3450 and the lower band support at 3475. The overall trend remains bullish, especially as the chips in the market begin to concentrate after the contraction, with main funds flowing in. The strategy is to follow the upward trend and act accordingly.

Short-term reference: Hold long at 3320, safety first. Remember, the market is never 100% certain, so always manage your stop-loss. The goal is to minimize losses while maximizing gains.

For the lower range of 3330 to 3300, defend at 3250, with a stop-loss of 50 points. The target is 3400 to 3450, with a breakout target of 3500 to 3550.

For the upper range of 3550 to 3600, short with a defense at 3650, and a stop-loss of 50 points. The target is 3500 to 3450, with a breakout target of 3400.

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 the suggestions are for reference only; risks are to be borne by the reader.

This article is exclusively contributed by the Cryptocurrency 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 to be 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 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 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 managing stop-loss and take-profit for each trade. The Cryptocurrency Scholar wishes you happy investing!

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