Crypto Circle Academician: On December 17, Ethereum broke its highest point of the year. How will the bullish trend continue? Latest market analysis reference.

CN
1 year ago

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I am a scholar in the cryptocurrency circle, a warrior who has always protected the retail investors. I wish my fans financial freedom in 2024. Let's work hard together!

Scholar in the cryptocurrency circle: December 17, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 4050. It is now 4:10 AM Beijing time. As everyone knows from yesterday's real-time data, long positions at 4000 have all taken profits exceeding 350 points. The new entry point is after the US market opens in the evening at the round number 3900. For specific practical content, you can consult me for updates. As for the entry points, you can find them in historical articles that have been published. Saying too much might seem boastful.

The daily K-line has already broken 4100, setting a new record for the year, with a low of 3883. There are no reference points above, and the bullish trend is completely opened up. Coupled with the sector rotation and window-breaking effect, Ethereum will refresh everyone's understanding. Maintain your faith, believe in your trading system, and do not let the market's fear and greed affect your judgment. The EMA15 trend line has reached 3825, and the EMA30 is still stretching, breaking 3630. The MACD top divergence continues, with a shrinking upward movement. The DIF and DEA show a golden cross trend. If it stabilizes above 4100 at 8 AM, there is a high probability of forming a golden cross. The Bollinger Bands' upward expansion channel continues, with the upper resistance level at 4100, which is currently a key point where the K-line is blocked. Pay attention to the mid-line support at 3800 during pullbacks.

The four-hour K-line is currently challenging the upward trend line resistance at 4100. The MACD shows a volume golden cross expansion. A conventional indicator with a large and small golden cross is in play. The DIF and DEA golden cross expansion maintains the bullish trend. The Bollinger Bands are opening upward, and the K-line has broken the upper track at 3910. You can go long at this new entry point, which is also the EMA30 trend support point. If you haven't entered yet, continue to stay in cash and wait for opportunities. Do not chase highs or sell lows; first, protect your chips, survive, and then consider profits.

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

For the upper range, short from 4150 to 4200, with a stop-loss at 4250, risking 50 points, targeting 4100 to 4050, and if broken, looking at 4000.

For the lower range, long from 3900 to 3850, with a stop-loss at 3800, risking 50 points, targeting 4000 to 4050, and if broken, looking at 4100.

Specific operations should be based on real-time market data. For more information, you can consult me. There may be delays in article publication, so the suggestions are 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 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 setting stop-losses and take-profits for each trade. The scholar in the cryptocurrency circle 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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