Cryptocurrency Circle Li Ying: Ethereum returns to 2440 on October 8! Where are the opportunities after short-term fluctuations? Latest market analysis

Article published on 2024.10.8—10:00 AM

Ethereum has returned to around the 2440 mark. Before a clear direction emerges, it is likely to consolidate for a while, especially after the major indicators have contracted. Currently, the K-line pattern is fluctuating within the range of 2430 to 2520, forming a consolidation pattern. A long upper shadow appeared yesterday, indicating heavy selling pressure above. Technical indicator MACD: Both DIF and DEA are currently negative, but DIF shows a trend of crossing above DEA. Li Ying judges that the bearish strength is weakening and there may be a shift to bullish.

Looking at the RSI indicator, it is close to 50, with no obvious overbought or oversold signals in the short term. The trend indicator EMA price is below EMA7 but close to it, while EMA30 and EMA120 are still above the current price, indicating an overall bearish trend, but there are signs of a short-term rebound. Coupled with the recent increase in trading volume during yesterday's significant fluctuations, it shows an increase in market activity. As the market has retreated to 2440, the current trading volume is relatively stable, with no extreme changes.

Therefore, Li Ying judges that the direction in the short term will not be very clear, and it is likely to oscillate around 2440, entering a range-bound phase with not much volatility. It is possible to attempt swing trading. Regardless of any changes in the trend, Li Ying reminds everyone to be prepared for the possibility of a market reversal to avoid missing opportunities to enter or remedy positions.

Today's latest reference points: (Consolidation)

Long entry point 2400, add position point 2370, stop loss 2340, target 2500

Short entry point 2500, add position point 2550, stop loss 2580, target 2400

Reason: Follow the trend and act accordingly. Practical results can be checked with Li Ying. The content of the article is time-sensitive and for reference only; risks are borne by the individual.

The above analysis by Li Ying is based on market data and trend analysis of the trading board, for reference only, and does not constitute investment advice. For family members' reference. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has experienced 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 and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

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。