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Scholar in the cryptocurrency circle: December 1, 2024, Ethereum (ETH) latest market analysis reference.
The current price of Ethereum is 3697. It is now 4:15 AM Beijing time. Yesterday, Ethereum at 3550 effectively reminded everyone to get on board, with a final target of 3700. How much profit did you secure from this 150-point gain? The sector rotation has not ended yet, so don't rush to exit completely; keep a portion of your position to continue looking upward. Newcomers may not understand the power of sector rotation, but as an old hand in the cryptocurrency circle, I have a deep understanding that this is not just an opportunity to turn things around, but a chance to leap forward.
The daily K-line reached a high of 3727 and a low of 3567, once again leading the cryptocurrency circle. The EMA trend indicator shows that the bulls are starting to gain momentum, with EMA15 already at 3390. The MACD is increasing in volume, with DIF and DEA expanding at high levels. The K-line has broken through the upper Bollinger Band at 3705, oscillating around the upper band. The KDJ shows a bullish trend, and the overall trend is bullish.
The four-hour K-line neck line remains at 3530, but the short-term support EMA15 has risen to 3630. The flag pattern indicator has also changed, and the ascending triangle trend has begun to take shape. While the MACD is increasing in volume, DIF and DEA are consolidating at high levels, and the top divergence trend is becoming more severe. The Bollinger Bands are contracting, with the upper band losing support at 3710, the middle band support stretching to 3615, and the lower band support at 3525. The mindset remains bullish, and since the sector rotation has just begun, the main strategy is to buy on dips, minimizing short positions and developing a habit of using stop-losses.
Short-term reference: Safety first. Remember that market conditions are never 100% certain, so always use stop-losses. Safety first; small losses with big gains is the goal.
For the upper range, short between 3800 and 3850, with a stop-loss at 3900 to 3950, risking 50 points, targeting 3700 to 3600, and if broken, looking at 3500 to 3450.
For the lower range, long between 3500 and 3550, with a stop-loss at 3400 to 3450, risking 50 points, targeting 3600 to 3650, and if broken, looking at 3700 to 3750.
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, so it is suggested for reference only, and the risk is borne by the reader.
This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. 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 viewpoints and suggestions may not be real-time and are for reference only. The risk is 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 a trend comes, respond to 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 using stop-losses and take-profits for every trade. The scholar in the cryptocurrency circle wishes you happy investing!
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