Li Ying in the Crypto Circle: On December 10, Ethereum's upward movement faced setbacks, but the bears failed to dominate the situation! The long-term trend remains upward, latest market analysis.

Article published on December 10, 2024 - 01:10 AM

The current price of Ethereum is 3859. Let's review yesterday's article content. Li Ying's perspective is bullish, reminding everyone not to short. The reason is simple: the bullish trend is dominant, and effective support retests provide good long positions. This is the main idea, especially at the two bullish entry points of 3900 and 3800, both of which have been retested. If you're ready to enter, you should do so, while managing your take profit and stop loss. Li Ying also wants to remind everyone to execute according to the system within the trading range; if you're wrong, just cut losses, and if you're right, the potential is significant.

Looking at the current market, Li Ying is still analyzing the price trend. Currently, the candlestick pattern near 4000 is encountering strong resistance, with multiple upper shadows indicating heavy selling pressure above. The recent candlesticks show an alternating pattern of bullish and bearish movements, leaning towards a downward adjustment. In the four-hour MACD cycle, both the DIF and DEA averages are gradually declining, and the MACD histogram is in the negative zone, indicating that bearish forces are dominant in the short term.

The current Relative Strength Index (RSI) is at 43.34, close to the oversold zone but not in the extreme area, showing that market sentiment is weak but not overly panicked. The trend indicator EMA price is currently running below EMA7, and EMA30 is also above the current price, creating short-term pressure. EMA120 is far below the current price, and the long-term trend remains upward. After a significant increase in trading volume on the 6th, the volume has notably expanded and then gradually retreated, indicating a weakening willingness to chase prices. There are no clear signs of significant volume increase or decrease, so Li Ying judges that the market is likely to further explore the bottom. It is recommended to continue averaging down after another bottom test, then manage stop losses, focusing on bullish positions, and wait for a break above 4000 to look for short positions; for now, do not short.

Today's latest reference points:

• Long entry at 3700, add at 3600, stop at 3550, target 4000
• Short entry at 4000, add at 4100, stop at 4150, target 3800

The above analysis is based on market data and trend analysis and does not constitute investment advice. For reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。