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Crypto Scholar: Ethereum (ETH) Latest Market Analysis Reference on 2024.11.21

The current price of Ethereum is 3045. It is now 2:40 AM Beijing time. Let's first review yesterday's thoughts. In the real market, I positioned a short at the balance point between 3140 and 3150. As of the time of writing, Ethereum is at 3144. Don't rush to exit; first, observe the support at the 3000 level before making a decision. For several key levels, hold on for now and don't rush to exit. Be patient and wait for the market to settle.

First, the daily K-line EMA15 support has reached 3030, which is likely to break. Next, look at the EMA30 trend support point at 2890 and the flag pattern support point at 2800. The MACD has ended its expansion and is starting to contract downwards. If the DIF and DEA do not return above 3100 before the close, a death cross trend will form. The upper Bollinger Band stretch has ended, and the K-line is starting to approach the middle band support at 2935. The KDJ is expanding downwards, and the overall trend is bearish, entering a downward channel with strong bearish sentiment. Whether the bulls can hold the 3000 level is worth paying attention to, especially the 3000 integer level.

The four-hour K-line has already fallen into the EMA trend indicator and has broken the EMA60 support at 3085. The next support level is 3030, which is also the EMA90 support, along with the key long-short exchange point at 2975's EMA120 support. After the MACD contracts downwards, the DIF and DEA are expanding downwards. The lower Bollinger Band support at 3040 has been lost, and the expansion has opened up. The KDJ has formed a death cross, and the trend has temporarily entered a bearish phase. However, it still hasn't broken below 3000, so it can be monitored for now. If it doesn't break, the short position can take profits; if it breaks, part of the position can be sold while holding the rest.

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

Focus on the upper range of 3140 to 3150; if it doesn't break, go short, with a defense at 3200 and a stop-loss of 50 points. The target is 3050 to 3000, with a breakdown target of 2950 and 2900.

Focus on the lower range of 2900 to 2850; if it doesn't break, go long, with a defense at 2800 and a stop-loss of 50 points. The target is 3000 to 3050, with a breakdown target of 3100 to 3150.

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 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 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; 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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