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Crypto Community Scholar: November 26, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3478. It is now a little past 2 AM Beijing time. Ethereum has started to show fluctuations similar to Bitcoin at the beginning of the month due to sector rotation, breaking previous highs every day and fluctuating back and forth. Therefore, every time you enter the market, you must learn to plan your trades. During the trading session, just trade according to your plan. As long as trading signals appear, execute strictly without hesitating while watching the market. Many old fans have profited from this wave above 3300, targeting 3500 for profit-taking. Before this article was published, it retraced and broke below 3400, entering again at 3500 for profit-taking. Many fans are shorting, which I do not recommend because the larger trend is bullish, and shorting can easily lead to losses.

Looking at the market, the daily K-line has broken the previous high and reached 3550, with a low of 3300, forming a large bullish trend in an ascending flag pattern. The EMA15 trend support line is still stretching and has reached 3200, indicating it is not over yet, especially with the bullish indicators showing network expansion. The MACD is continuously increasing, and the Bollinger Bands are showing contraction. The fast line has reached the upper band's contraction point resistance at 3530, with standard support at 6170. The bullish trend remains unchanged.

After the four-hour K-line failed to break 3550, it began to retrace. The MACD is alternating between contraction and expansion, with the DIF and DEA in a high position in a contracting bullish trend. The upper Bollinger Band at 3505 has been broken multiple times, and the principle that a long-term resistance will eventually be broken goes without saying. Therefore, the Bollinger Bands are likely to open upwards. With the bullish trend unchanged, wait for a pullback; do not trade if the trend is not adjusting. After a pullback, look for opportunities to enter. Treat all pullbacks as false signals in the absence of a trend, and set stop losses properly without holding onto losing positions. If you are wrong, admit it.

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 lower range of 3400 to 3350, go long with a stop loss at 3300, risking 50 points, targeting 3500 to 3550, and if broken, look at 3600.

For the upper range of 3550 to 3600, go short with a stop loss at 3650, risking 50 points, targeting 6450 to 3400, and if broken, look at 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; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Community 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. 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, precision by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Community Scholar wishes you happy investing!

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