Crypto Circle Academician: The Ethereum trend on December 4 has not broken, and the bullish trend is still valid, so it can be held. Be patient and wait for the bullish counterattack! Latest market an

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1 month ago

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Crypto Community Scholar: December 4, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3581. It is now 4:20 AM Beijing time. Yesterday, Ethereum entered at 3560, clarifying the real-time strategy. Profit-taking occurred when the previous high was not broken. The previous high of 3680 was not breached, with the highest point at 3675. A pullback broke the short-term neckline at 3650, closing with a gain of 90 points. After the pullback broke the previous low, confirming support at 3500, I entered the market at 3520 and am currently holding. Everyone can refer to this.

The daily candlestick has closed in the red for two consecutive days, and it is not far from the EMA15 trend support at 3475. The EMA trend indicator remains upward, but the candlestick has broken the major neckline at 3580. Currently, there is a long lower shadow. The MACD volume is decreasing, and the DIF and DEA are contracting downward from a high position. If today's daily candlestick opens lower, it is very likely to find support at the ascending trend line. The Bollinger Bands are expanding upward, with the upper resistance at 3830 and the middle support reference at 3370.

The four-hour candlestick has fallen into the EMA trend indicator. The upper resistance is at the intersection of EMA15 and EMA30 at 3620. The MACD is decreasing in volume, and the DIF and DEA are starting to break below the 0 axis. The lower Bollinger Band support is at 3560, which has already been breached once. There is significant support in the short term, and it is expected to challenge the middle line at 3655. Attention should be paid to the middle line to determine whether the bulls will take profits. The market has reached the critical support near 3500, entering the trading range. Do not hesitate; enter the market with proper defense and stop-loss measures. If wrong, take a small loss; if right, congratulations to everyone.

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

Sell short from 3650 to 3700, with a defense at 3750 and a stop-loss of 50 points. Target 3600 to 3550, with a break point at 3500.

Buy long from 3500 to 3530, with a defense at 3470 and a stop-loss of 50 points. Target 3600 to 3650, with a break point at 3700.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, so it is recommended for reference only, and risks are to be borne by the reader.

This article is exclusively contributed by the Crypto Community Scholar and represents the scholar's unique perspective. 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 views and suggestions may not be real-time and are for reference only. Risks are to be 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 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 managing stop-loss and take-profit for each trade. The Crypto Community Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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