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Crypto Scholar: December 30, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3355. Yesterday, friends in the market who bought at 3300 exited at 3400. From the current market perspective, the profit-taking point is the best cash-out point. Many friends said it was a pity not to go south, while others said I was too cautious for not taking the clear short opportunity above 3400, missing such a good chance to go down. My principle is simple: I would rather miss out than make a wrong move. The pullback hasn't even reached the most basic trend resistance, so there are no conditions to short; all we have is a sideways shrinking market.

The daily K-line has been oscillating around the EMA60 trend line at 3370 for four days. It has temporarily fallen below the EMA60, so we will wait for a further drop to the EMA90 support at 3245 before considering going north. For now, we continue to wait. If the main force chooses to continue sideways oscillation, we can take this opportunity to rest and enjoy the New Year. The EMA trend indicator is still contracting, and the MACD is also contracting. The Bollinger Bands are in a downward channel, with the upper band not touching the midline at 3595 and the lower band not touching the lower band at 3110. This kind of trend is quite intriguing.

The four-hour K-line shows a more obvious contraction, forming a typical symmetrical triangle trend. As long as it doesn't break above 3430 or below 3300, we are in a wait-and-see period. The EMA trend indicator is contracting, the MACD is shrinking, and the DIF and DEA are oscillating below the 0 axis. The Bollinger Bands are contracting, narrowing the distance between long and short. The upper band is at 3420, and the lower band support is at 3300. The overall trend is basically as expected; for now, we will wait and see how the trend develops.

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

For a northward trial position, the range is 3240 to 3200, with a defense at 3150 to 3100, stop-loss at 50 points, and a target of 3300 to 3350, with a breakout target of 3400 to 3450.

For a southward trial position, the range is 3450 to 3500, with a defense at 3550, stop-loss at 50 points, and a target of 3400 to 3350, with a breakout target of 3300.

Specific operations should be based on real-time market data. For more information, you can consult the author. 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 Crypto 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 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 make a mistake, 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 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-losses and take-profits for every trade. The Crypto Scholar wishes you happy investing!

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