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Scholar in the cryptocurrency circle: Ethereum (ETH) latest market analysis reference on 2024.11.22

The current price of Ethereum is 3380. It is now 3:15 AM Beijing time. Timing is more important than just being early; short positions above 3140 should be taken, cashing out at 3040. Before this article was published, the lowest point was 3030, and the highest point was 3390. The ascending triangle pattern has been broken. According to the flag pattern indicator, it is very likely to break the previous high resistance level of 3450. During rapid rises and falls, wait for stagnation.

Looking at the daily candlestick chart, it has held above the 3000 mark. The EMA trend indicator is expanding upwards, and the bullish indicators are still in play. The MACD has just started to shrink and is now reversing upwards. The DIF and DEA have alternated between death cross and golden cross, indicating that this wave of liquidation has been brewing for a long time. Many fans chased short positions after the drop below 3050, but before this article was published, they had already adjusted their positions and exited the market, making them the lucky ones in this wave of liquidation. The upper pressure level of the Bollinger Bands has reached 3585, and the KDJ has formed a golden cross upwards. According to wave theory, the daily candlestick chart has broken the fifth wave, and the effective bullish trend of the triangle flag pattern remains unchanged. Pay attention to the strength of the flag support at 3250.

The four-hour candlestick chart has shown six consecutive bullish candles. The EMA trend indicator is stretching upwards, with EMA15 reaching 3186. The MACD technical indicator has continuously increased in volume, leading the charge. The ladder volume is expected to stagnate at around 3400. Since the upper Bollinger Band at 3316 has been broken, the candlestick will return to the channel. The upper band is still stretching, and the KDJ's expanding trend remains unchanged. The overall trend is still bullish, so any decline in the bullish trend should be directly judged as a trap for shorts. Wait for a pullback to trend support before entering the market; for now, it is best to observe.

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

For long positions, buy between 3200 and 3250, with a stop-loss at 3150 (50 points), targeting 3300 to 3350, and if broken, look at 3450.

For short positions, sell between 3450 and 3500, with a stop-loss at 3550 (50 points), targeting 3400 to 3350, and if broken, look at 3300.

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 scholar in the cryptocurrency circle 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; 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 occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

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