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Crypto Scholar: December 18, 2024 Ethereum (ETH) Latest Market Analysis Reference

Ethereum's current price is 3940. Due to news impact, the current capital focus is on Bitcoin, while Ethereum is temporarily in a cold phase. However, the Wang family is significantly bottom-fishing Ethereum, which is backed by solid on-chain data. So don't doubt your judgment, stay firm in your beliefs, keep your original intention, and follow the trend; you will never go wrong. Although I took profits after entering at 3900 and exiting at 4020 yesterday, it does not affect our original intention. Just be patient; this market is always full of opportunities, so protect your holdings and focus on surviving first.

The daily K-line reached a high of 4040 and a low of 3914, showing a clear short-term pullback. Remember what I've been saying lately: as long as the larger trend remains unchanged, treat all pullbacks as false signals. When the pullback ends, it will be an opportunity. The EMA15 trend support line has come to 3830, and EMA30 is still at 3645. Pay close attention to these two levels. After a decrease in MACD volume, DIF and DEA are still consolidating at high levels, and the Bollinger Bands are also expanding upwards. The upward channel of the Bollinger Bands shows that the main force is adjusting between the upper track at 4100 and the middle track at 3800.

The four-hour K-line is facing resistance at the rising trend line pressure level of 4100 and has started to fall, breaking the symmetrical triangle trend indicator and returning to the EMA30 support point at 3930. Watch the next support point EMA60 and the key support at 3830. The MACD volume is decreasing, and DIF and DEA have formed a death cross. Currently, at the key support point of 3900, we will see if the main force continues to pull back. Since 3900 can no longer be considered the first entry point, aggressive traders can try a long position, but conservative traders are advised to wait for further bottom testing before considering an entry point.

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

Short selling trial entry point: 4050 to 4100, stop-loss at 4150, stop-loss 50 points, target at 4000 to 3950, if broken, look at 3900 to 3850.

Long buying trial entry point: 3830 to 3780, stop-loss at 3740, stop-loss 50 points, target at 3950 to 4000, if broken, look at 4050 to 4100.

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 to be borne by the reader.

This article is exclusively contributed by the Crypto Scholar and represents the scholar's unique viewpoint. 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 viewpoints and suggestions may not be real-time and are for reference only. Risks are to be borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't 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 and follow 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 comes 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 Crypto Scholar wishes you happy investing!

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