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 crypto world. Continuous learning and improving one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

I am a guardian of the crypto space, always standing in front of the retail investors to shield them from the storms. I hope that my followers can break free from the shackles of wealth and embark on the path to financial freedom. Let us work hand in hand, forge ahead, and create brilliance in the waves of the crypto market!

Crypto Veteran Yang: Ethereum Market Analysis and Reference for December 3, 2024

Ethereum's market is currently experiencing severe fluctuations. The daily K-line broke through the previous high to 3765, but a major long position liquidation caused the price to plummet, reaching a low of 3555. Given the market's uncertainty, setting stop-loss orders is crucial, and risk control should be the priority. The EMA12 trend fast line support level is at 3523. The MACD shows a long-term top divergence but is still increasing in volume. The DIF and DEA are hovering at high levels; although it has retraced by two hundred points, it remains overall high. The upper Bollinger Band at 3828 is a significant resistance, while the middle band at 3364 provides potential support. The subsequent trend needs further observation.

The four-hour K-line for Ethereum reached a high of 3654, which is a strong bearish signal. It has continuously broken through the EMA26 trend line at 3633, with the next key defense line being the EMA60 support level at 3524, clearly showing a bearish trend. However, from a larger perspective, the bullish pattern has not yet been broken. In terms of technical indicators, the MACD shows a decreasing volume trend, with the DIF and DEA gradually approaching the 0 axis, and the K-line continues to test the lower Bollinger Band support at 3590. To control risk, the stop-loss level is set relatively close; if the trend does not meet expectations, one should exit with a small loss in a timely manner. Focus is on the next key support area around 3250. The current strategy is to hold temporarily, maintaining an overall approach of buying on dips, while being extremely cautious with shorting at high levels to avoid misjudging market trends and incurring losses.

Key points for short-term trading strategy: The market is unpredictable, and there is no absolute certainty; therefore, it is essential to set stop-loss levels, prioritizing the safety of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for significant profit opportunities.

Short-term strategy:

Short from 3650 to 3700, add to position at 3750, stop-loss at 50 points, target at 3600 to 3550.

Long from 3450 to 3500, add to position at 3350, stop-loss at 50 points, target at 3600 to 3650.

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 Crypto Veteran Yang. For more real-time investment strategies, spot contract trading techniques, and operational skills, feel free to consult me 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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