As a veteran in the cryptocurrency space, I have been deeply involved in this captivating and challenging industry for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the crypto world. Continuous learning and improving one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

Old Yang from the Crypto World: Ethereum Market Analysis on November 25, 2024

The daily chart of Ethereum shows a double top pattern. Although it briefly broke the previous high and reached 3500, after a pullback to lower levels, the bulls still have potential. The EMA12 trend support at 3219 is worth paying attention to, and the MACD continues to expand. The upper Bollinger Band at 3500 and the middle band at 3140 form key points. The overall box pattern under the current major trend remains unchanged, showing a bullish trend. Therefore, the bearish indicators can be seen as a signal to lure shorts.

The four-hour chart of Ethereum shows a pullback to the EMA26 support point at 3320, where it stabilized, confirming this support. The MACD shows a decreasing volume with increasing positions, indicating an undercurrent of capital movement. The Bollinger Bands are gradually narrowing, with the middle band at 3358 becoming the first resistance point, the upper band at 3447 under heavy pressure to break, and the lower band at 3270 serving as a solid support line. The overall trend currently maintains a bullish pattern, and it is particularly crucial that after the decrease in volume, the market positions are concentrated with main capital inflow.

Short-term Strategy:

Buy between 3350 and 3300, with a stop loss at 3250, risking 50 points, targeting 3450.

Sell between 3550 and 3620, with a buy-in at 3670, risking 50 points, targeting 3450.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this analysis is at your own risk. Investment carries risks, and caution is advised when entering the market.

This article is exclusively planned and published by Old Yang from the Crypto World. For more real-time investment strategies, spot contract trading techniques, and operational skills, you can consult me for learning and exchange. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve remarkable results!

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