Li Ying in the Crypto Circle: Ethereum Shows Strong Rebound on October 9! The Secret to Breaking the 2500 Barrier! Latest Market Analysis

Article Published on October 9, 2024 — 15:25

Ethereum and Bitcoin have similar trends, both returning to their starting points, but Ethereum's momentum is stronger than Bitcoin's. It peaked around 2480, indicating strong bullish sentiment, and the trend is slowly moving upwards. The original support at 2400 has been raised to 2410. It is expected that as long as the overall trend support holds, it will continue to challenge the resistance above 2500. Therefore, it is effective to go long at the support level and consider shorting when facing pressure. Let's look at today's Li Ying's strategy.

Currently, the K-line pattern in the market is fluctuating within the range of 2430 to 2470, forming a narrow oscillating box. There is significant selling pressure near the previous high around 2520, which is why it has been consolidating at the 2440 position for so long, indicating that the selling pressure has not yet ended. Once it ends, it will continue to stretch. The technical indicator MACD shows that both DIF and DEA are currently negative, but the MACD histogram is starting to shorten, indicating that the downward momentum is weakening, and the rebound signal is quite clear.

The technical indicator RSI is close to 50 with no obvious overbought or oversold signals, indicating that the consolidation continues and there are still opportunities to go long. The trend indicator EMA7 is slightly below the 30-period EMA, suggesting that the short-term trend consolidation is normal. However, the price has touched the 120-period EMA multiple times without effectively breaking below it, indicating strong long-term support. Therefore, it is important to pay attention to the trading volume at the support points.

Today's Latest Reference Points: (Oscillating Upwards)

Long Entry Point: 2410, Add Position Point: 2380, Stop Loss: 2350, Target: 2510

Short Entry Point: 2510, Add Position Point: 2560, Stop Loss: 2590, Target: 2410

Reason: Follow the trend and act accordingly, focusing on going long at lower levels and shorting at higher levels. The 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 reader.

The above analysis by Li Ying is based on market data and trend analysis and is for reference only, not constituting 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 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.

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。