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Cryptocurrency Academy: Short-term bearish outlook for Ethereum on December 10, a deep correction may be the best entry point! Latest market analysis reference.

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币圈院士
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1 year ago
AI summarizes in 5 seconds.

Don't forget, the darkest moment is often just before dawn. On the road to chasing dreams, you are never alone; you have me.

Some fans say trading is difficult, and I want to say, what is harder than relying on others? Although the cryptocurrency world has not been around for long, the financial trading industry has developed for over two hundred years, producing many legendary figures. Some fans say trading is risky; in my view, the biggest risk is sticking to the rules and being unchanging. Remember, when you are poor, you must change; when you change, you will find a way.

I am a warrior in the cryptocurrency world, always protecting the retail investors. I wish my fans financial freedom in 2024. Let's work hard together!

Cryptocurrency Expert: December 10, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3828. It is now 3:20 AM Beijing time. Yesterday, I suggested an entry point at 3850. How much did everyone gain? The highest was around 3945. I thought it could continue to rise, but unfortunately, the market was weak and broke below the neckline support at 3920. I had to take emergency precautions and realized profits of less than 70 points. Although I am bearish in the short term, I do not want to chase the market down; instead, I choose to wait for opportunities, signals, and the best entry point. Where is it? Below 3750. Generally, I prefer to enter after a breakdown because the larger trend is bullish, and the deeper the pullback, the more favorable it is for us.

The daily K-line had a high of 4010 and a low of 3800. The EMA15 trend line support is at 3715, which is also a key neckline. The MACD volume is decreasing, and there is a possibility of a death cross forming at high levels for DIF and DEA. The Bollinger Bands are starting to contract, with the fast line diving down. Pay attention to the mid-band support at 3610. The overall trend has shown a pullback, with the rising trend line support around 3720. If this support holds, it can serve as the first entry point for long positions.

The four-hour K-line has continuously closed with bearish candles. Pay attention to the strength of the EMA60 support at 3800. If it breaks, refer to the EMA90 support at 3710, which is our first trial entry point for long positions. The MACD has been continuously decreasing, with DIF and DEA expanding downwards, along with the Bollinger Bands opening downwards. The lower band at 3830 has been lost, and a short position has already formed. For aggressive traders, short at the current price with a stop loss above 3830, aiming for a profit of around 50 points. Do not hold on too long. The larger trend is bullish, and shorting is against the trend. Conservative traders should wait for low positions to primarily set up long positions and be cautious with shorting.

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

For long positions, buy between 3700 and 3750, with a stop loss at 3650 and a target of 3800 to 3850. If it breaks, aim for 3900 to 3950.

For short positions, sell between 3950 and 3900, with a stop loss at 4000 and a target of 3850 to 3800. If it breaks, aim for 3750 to 3700.

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 Cryptocurrency Expert and represents the expert's unique views. 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 expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to 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 stems 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 each trade. The Cryptocurrency Expert wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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