Coin Circle Li Ying: Ethereum Shows Rebound Signal on 11.15! Did You Seize the Buying Opportunity at 3100? Latest Market Analysis

Article Published on 2024.11.14 ---- 02:15

Ethereum's current price is 3111. In the short term, Ethereum has entered a downward trend, with noticeable pressure continuously pushing down. From 3450 to 3333, and then to today's 3240, it has been stepping down, with bottom support continuously failing. After breaking below 3100, I entered the market at 3080 before writing this article for your reference. The upper targets for Li Ying are 3150 and 3200, where there is significant resistance before exiting. I will not choose the trend line resistance; taking profits early is the best choice. Capturing 100 points in a day, Li Ying believes, has already surpassed most people.

Let's look at the current price trend. From the candlestick pattern, the recent price has been fluctuating in the 3200 to 3300 range, with multiple upper shadows, clearly indicating that the main force is selling pressure above. Additionally, the recent candlesticks show long lower shadows, indicating that there is some buying support below, especially between 3050 and 3100. The price is unable to rise or fall significantly. The technical indicator MACD currently shows both DIF and DEA as negative values but with signs of convergence. The MACD histogram is gradually shortening, indicating that bearish momentum is weakening, and bullish momentum may kick in at any time, so a low long strategy is valid for entry.

The Relative Strength Index (RSI) is close to 50, in a neutral zone, with sentiment still favoring bulls. The trend indicator EMA price is currently below EMA7 but close to it, while EMA30 and EMA120 are at even lower positions. The short-term trend leans towards consolidation. Li Ying has reason to believe that there will be strong resistance above 3200, so long positions can take profits before reaching 3200. Trading volume shows a decrease in market activity, significantly lower than in previous days, indicating a strong demand for consolidation. Li Ying suggests a strategy of low long and high short to create more space for movement.

Today's Latest Reference Points

Long entry at 3100, add at 3050, stop at 3020, target 3200.

Short entry at 3250, add at 3300, stop at 3330, target 3150.

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, 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.

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

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