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Scholar in the cryptocurrency circle: December 2, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 3700. It is now a little past five in the morning Beijing time. The bottom positions left by everyone are getting fewer. Yesterday, at 3700, most people took profits and sold off most of their chips, leaving only the bottom positions. Remember one thing: never think about taking profits at the highest point; only take profits at the pullback points. Those who can buy are students; those who can sell are masters. As long as the neckline does not break, you can hold. If it breaks, you can take profits, especially for those who entered above 3000 and 3300 and have not exited yet. Focus on the support levels of 3630 and 3530.

The daily K-line reached a high of 3747 and a low of 3658. The EMA15 trend fast line support stretch has not ended yet, currently at 3430. It is expected to challenge the support near 3600. Although the trend indicator network diffusion has ended, the bullish trend has not. The long-short indicators are gradually widening, indicating that the up and down space is increasing. The main force is likely to clear positions back and forth. The MACD is rising, and the Bollinger Bands are expanding, with K-line oscillating around the upper track of 3758, indicating a bullish trend breaking previous highs.

The four-hour K-line clearly shows the trend brought by the sector rotation, achieving a four consecutive jumps, with four consecutive ascending flag patterns. Currently, the K-line is hovering around 3700, but this position is not suitable for entry. The EMA15 support is not strong. Pay attention to the EMA30 support point at 3610; after it breaks, look for a standing point to lay out long positions. The MACD top divergence continues, starting to shrink downwards. The DIF and DEA high-level diffusion remain unchanged, and the KDJ is diffusing downwards. At this position, the risks of both long and short positions outweigh the rewards. For those who have not entered, wait for a deeper pullback before entering. For aggressive traders, if shorting, please remember to manage your stop-loss effectively; survival comes first.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.

For the upper range, short from 3800 to 3850, with a stop-loss at 3900 to 3950, and a stop-loss of 50 points. The target is 3700 to 3600; if it breaks, look at 3500 to 3450.

For the lower range, long from 3500 to 3550, with a stop-loss at 3400 to 3450, and a stop-loss of 50 points. The target is 3600 to 3650; if it breaks, look 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; it is suggested for reference only, and risks are 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. 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 the 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 setting stop-losses and take-profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

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