The cryptocurrency market has been deeply cultivated for many years. After experiencing numerous ups and downs in the crypto space and witnessing the rise and fall of countless coins, I have accumulated rich practical experience and unique market insights. Investment 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.
Crypto Expert Yang: Ethereum Market Analysis on December 1, 2024
Recently, Ethereum's performance has been remarkable, fluctuating between 3740 and 3650 on the daily chart, with a prominent leading position. The EMA indicator highlights the rise of bulls, with EMA12 at 3460. The MACD shows increased volume, with funds actively entering the market, and both DIF and DEA are strongly expanding at high levels. After the K-line broke through the upper Bollinger Band at 3750, it has continued to remain active above the upper band. The KDJ also shows a bullish trend, presenting an overall bullish momentum with strong upward movement. However, the market is unpredictable, and investors must remain vigilant against risks to achieve gains in this wave of market movement.
On the four-hour chart, the key support line is maintained at 3550, while the short-term support EMA12 has risen to 3650. Although the MACD shows increased volume, both DIF and DEA are consolidating at high levels, with top divergence intensifying. The Bollinger Bands are contracting, with the upper band at 3700 lost, the middle band extending to 3623, and the lower band at 3500. The overall strategy still leans towards bullishness, and given the initial rotation of sectors, the focus should be on buying on dips, while shorting should be approached with caution.
Short-term Strategy:
Short at 3750 to 3800, with a stop-loss at 3900, risking 50 points, target 3600.
Long at 3450 to 3500, with an additional buy at 3400, stop-loss at 50 points, target 3700.
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 Crypto Expert Yang. 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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