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 cryptocurrency space. Continuous learning and enhancing one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

Old Yang from the Crypto Circle: Ethereum Market Analysis on November 27, 2024

Ethereum is currently experiencing significant daily fluctuations, with a high of 3347 and a low of 3253, showing a one-sided market trend. The primary support below is aimed at the EMA12 trend line at 3267, and the overall trend indicators still exhibit a bullish pattern with upward net expansion. However, the MACD is showing a reduction in volume, and the DIF and DEA are contracting at high levels. If it falls below 3200, it will form a death cross and challenge the 3000 mark. The Bollinger Bands are in a contraction phase, with the upper resistance at 3500, the middle support around 3210, and the lower support to watch at 2920. The Ethereum market is entering a more critical and delicate moment, and investors need to closely monitor its trend changes to adjust strategies in response to potential market fluctuations.

The four-hour chart of Ethereum is at a critical position, above the intersection of the rising trend line support point and the EMA26 at 3350, which becomes an important reference point for determining bullish or bearish trends. The MACD is decreasing in volume and showing a top divergence, approaching the 0 axis; the lower Bollinger Band support is at 3255, serving as a reference for thought. The DKJ is expanding downward, and the overall trend is contracting. Investors need to respond flexibly; if the key point is broken, a short position can be attempted, while if it holds, a long position can be tested, and it is essential to set stop-loss orders to control risk.

Short-term Strategy:

Short from 3430 to 3500, add to position at 3550, stop-loss at 50 points, target at 3320.

Long from 3230 to 3180, add to position at 3130, stop-loss at 50 points, target at 3350.

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; investing involves risks, and caution is advised when entering the market.

This article is exclusively planned and published by Old Yang from the Crypto Circle. For more real-time investment strategies, spot contract trading techniques, and operational skills, you can consult the author 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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