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Scholar in the cryptocurrency circle: December 29, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 3405, back at the top resistance level. The market has reached the downward pressure point. Set your stop-loss and defense, and let time take care of the rest. For those holding coins above 3300, pay attention to whether 3400 can hold. As long as it doesn't hold, you can take profits. Currently, we are looking at whether the short-term indicators can form a double top at 3410. If the double top fails, the main force will further stretch to impact the major resistance level at 3520, which serves as a downward defense point. If it breaks, set a stop-loss. Safety first, no matter what.

The daily K-line has a high of 3412 and a low of 3320. It has broken the EMA60 trend line, turning pressure into support at 3370. The major golden ratio support at 0.618 is effective at 3340. The EMA15 and 30 trend pressure levels are above 3500. The MACD has formed a bottom divergence with continuous shrinking volume, and both DIF and DEA have entered below the 0 axis. The Bollinger Bands are pressing down, with the middle track pressure level at 3613 and the lower track support at 3140.

The four-hour K-line has formed a golden cross trend. The K-line has broken the EMA30 trend line at 3390, and it is only a matter of time before it impacts EMA60. This position should not be used as an entry point for downward trades. For a more stable approach, continue to look at the EMA90 and 120 trend pressure levels above 3510. The Bollinger Bands are contracting, with the upper track at 3480. Currently, this position is not suitable for chasing the rise. Aggressive traders can try to enter downward at 3450, with a defense at 3520. If it breaks, look for an opportunity to exit. If it doesn't break, adjust the average price upward. For those holding coins, if the pullback does not break 3400, you can continue to hold and look for the previous high. Don't think about taking profits at the highest point; only take profits at the pullback points. This way, the margin for error will be smaller, and the returns will be more stable.

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

For upward trial positions, 3240 to 3200, with a defense at 3150 to 3100, stop-loss at 50 points, target looking at 3300 to 3350, and if it breaks, look at 3400 to 3450.

For downward trial positions, 3450 to 3500, with a defense at 3550, stop-loss at 50 points, target looking at 3400 to 3350, and if it breaks, look at 3300.

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 yourself.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's exclusive views. 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 yourself. 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. Don't 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 and follow 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 comes 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 happen unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

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