Cryptocurrency Circle Liying: Anticipation for December 1st is Rising! The Ethereum Rebound Wave is Coming! Market Participants are Active! Latest Market Analysis

Article Published on 2024.12.1 ---- 01:45

The current price of Ethereum is 3683, and the rebound trend has arrived as expected. The 3700 short position was not entered due to concerns about further rebounds, and the opportunity to enter at 3530 before the rebound was also missed. Liying seeks stability, so missing out is not regrettable; rather, there is more anticipation, hoping that Ethereum will reach unprecedented heights. Therefore, Liying's belief is in the historical peak. Now, let's look at the current market situation.

Liying still analyzes from the price trend perspective. The K-line pattern fluctuates within the 3600 to 3700 range, forming a relatively stable oscillation zone. On the 27th, a long bullish candle appeared, breaking through the previous high and accompanied by a large trading volume, indicating strong upward momentum. Technical indicators MACD: Currently, both DIF and DEA are positive and continuously rising, with the MACD histogram showing a bullish trend but with signs of weakening. Liying suggests everyone pay attention to subsequent changes.

The Relative Strength Index (RSI) is currently at 62.94, close to the overbought area, and may face short-term pullback pressure. The trend indicator EMA7 has crossed above EMA30 and is far from EMA120, indicating a positive medium to short-term trend, but caution is needed regarding the adjustment risk after excessive deviation from the long-term moving average. Trading volume has increased, especially during the significant rise on the 27th, showing active market participation. As the price enters the oscillation zone, trading volume has slightly shrunk, indicating an increase in market wait-and-see sentiment. Therefore, Liying judges that the market will continue to consolidate at high levels to build strength before stretching further to break the previous high.

Today's Latest Reference Points

Long Entry at 3600, Add at 3550, Stop at 3500, Target at 3750

Short Entry at 3750, Add at 3800, Stop at 3850, Target at 3600

The above analysis is based on market data and trend analysis and does not constitute investment advice. For reference only. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying 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, Liying 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 journey to success.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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