Coin Circle Li Ying: 12.5 Ethereum Bullish Trend is Inevitable! Strong Upward Momentum to Reach New Heights! Latest Market Analysis
Article Published on 2024.12.5----01:30
The current price of Ethereum is 3793. Yesterday, Li Ying mentioned that the main force was reversing to pick up people, and it was a good time to get on board. Entering at 3550, some profits were taken above 3800. The practical record has been updated. Don't rush to exit the remaining positions; the bullish trend is still present. If you can't hold on under these circumstances, you will truly regret this wave of the bull market. Li Ying has consistently suggested a buy on dips during this big bull run. No matter how the market fluctuates, as long as the pullback does not break major support levels, it is a good time to enter. Manage your risks well; even if you are wrong, it’s okay. If you are right, the potential gains are substantial. Congratulations to everyone once again!
Looking at the current market, Li Ying's price trend analysis shows that the current candlestick pattern is exhibiting a clear upward trend, especially with consecutive bullish candles yesterday and today. A long lower shadow was observed between December 2 and 3, indicating strong buying support at lower levels. Additionally, the technical indicator MACD shows that the current DIF is above the DEA, and the MACD histogram is positive, indicating that bullish forces are dominant in the short term, with strong upward momentum. Li Ying decisively entered at 3550 after the main force held above 3500 without breaking.
The Relative Strength Index (RSI14) is close to 70 but has not entered the overbought zone, indicating that there is still room for upward movement in the market, though caution is needed for potential pullbacks. The trend indicator EMA shows that the price is currently above EMA7, EMA30, and EMA120, with short, medium, and long-term moving averages in a bullish arrangement. Li Ying's outlook remains bullish. Coupled with increasing trading volume alongside rising prices, this indicates that funds are actively entering the market, reflecting optimistic market sentiment and strong control by the bulls. This further solidifies Li Ying's view that those who have not yet entered should wait for a pullback to continue buying.
Today's Latest Point of Reference
Long Entry at 3700, Add at 3650, Stop at 3600, Target at 3900
Short Entry at 3900, Add at 3950, Stop at 4000, Target at 3750
The above analysis is based on market data and trend analysis by Li Ying and does not constitute investment advice. It is for reference only. 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 ever-changing market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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