Cryptocurrency Circle Liying: On November 30, Ethereum's trend remains unchanged, with increased activity! The possibility of a rebound has greatly increased! Latest market analysis
Article published on 2024.11.30 ---- 01:45
The current price of Ethereum is 3591. Before the article was published, Ethereum surged to 3650. Liying chose to enter a short position at this level. Although a neckline level of 3580 has formed, the support at the neckline is continuously being tested downwards. Liying understands the principle that prolonged defense will eventually fail. However, Liying chose to take profits at 2585, adhering to the belief that what is in hand is truly one's own. The unrealized gains above are merely numbers. Of course, Liying will wait for further bottom testing before deciding on the entry point and will not rush in recklessly.
Looking at the price trend analysis, Liying still discusses the recent price oscillation around 3600 from the candlestick patterns, forming a relatively obvious box consolidation pattern. A rapid surge occurred between the 27th and 28th, peaking at 3688 before retreating, indicating strong resistance above. This is why Liying chose to layout a short position at 3650. The technical indicator MACD shows that the current DIF and DEA are close to the zero axis, and the MACD histogram has turned from positive to negative, indicating that the bullish and bearish forces are relatively balanced in the short term but showing signs of weakening.
The Relative Strength Index (RSI) has gradually retreated from the overbought zone and is currently in a neutral area, suggesting that market sentiment is stabilizing. The trend indicators EMA7, EMA30, and EMA120 are in a bullish arrangement, but EMA7 has started to flatten, indicating a potential need for adjustment. The increased trading volume shows heightened capital activity. With the trend remaining unchanged, the increase in activity raises the probability of continued upward movement after high-level consolidation. Ethereum is very likely to continue challenging previous highs. Therefore, Liying's strategy remains the same as before, focusing on long positions at lower levels, as shorting is ultimately not a long-term strategy for non-professionals.
Today's latest reference points
Long entry at 3500, add at 3450, stop at 3400, target at 3650
Short entry at 3650, add at 3700, stop at 3750, target at 3500
The above analysis is based on Liying's conclusions drawn from market data and trend analysis and does not constitute investment advice. For reference only. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Liying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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