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

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

Crypto Scholar: November 20, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3138. It is now 2:30 AM Beijing time. I didn't write about Ethereum yesterday, and fans asked, so I provided the current price box strategy, using 3140 as the balance point. If it breaks, go short; a 50-point space can be taken in ultra-short trades, with a stop loss of 15 points. Before the article was published, the daily K-line reached a high of 3224 and a low of 3076. Currently, it is closing with a bearish candle. If it doesn't break the opening price of 3210 by 8 AM, it is highly likely to continue going short, and the hope for a rebound is shattered. Everyone can use the previous high as a directional choice point.

The current trend of the daily K-line is in a bearish pullback phase, having dropped more than a hundred points from above. It has now returned to the 3140 balance point. The EMA trend indicator's upward alternating mesh bullish trend has not yet ended. The EMA15 support point at 3030 has been reached, and the next trend support point to watch is EMA30 at 2880. The MACD top divergence has significantly reduced in volume, and the DIF and DEA could form a death cross at any time. The larger trend is starting to turn bearish, so the strategy can be to look for key resistance levels to short in the smaller trend.

The four-hour K-line has entered an upward channel, and the EMA trend indicator is starting to contract. The 15 and 30 EMA are beginning to overlap at 3130. If it can't go up, pay attention to short liquidations. The MACD volume is contracting, and the DIF and DEA are alternating around the 0 axis. The Bollinger Bands are starting to contract, and the long-short range is narrowing, continuing the box pattern. The upper track is at 3190, and the lower track is at 3055. The strategy is to find opportunities at the upper resistance level to confirm and then layout shorts.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set a stop loss. Safety first, small losses with big profits is the goal.

Focus on not breaking the upper range of 3190 to 3230 for shorts, with a stop loss of 50 points, targeting 6130 to 3100, and if it breaks, watch for 3050.

Focus on not breaking the lower range of 3010 to 3050 for longs, with a stop loss of 50 points, targeting 3100 to 3150, and if it breaks, watch for 3200.

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 you.

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 you. 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; 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 precision, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Scholar 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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。