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 keep pushing forward together!

Crypto Scholar: November 28, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3587. It is now 3:30 AM Beijing time. Don't doubt that the sector rotation has really begun. The market share is starting to shift from Bitcoin, and the high turnover second-tier coins are definitely the hot assets recently. Therefore, the fluctuations in these second-tier coins will be very large, with at least a few hundred points up and down. Otherwise, I wouldn't have chosen to open a short position when the right shoulder showed signs. The stop loss is set at 3500 to prevent Ethereum from making another upward adjustment. From the current market situation, everyone should understand the importance of having a stop loss. No one can be 100% accurate with their trades, so it is essential to enter at key points and choose a small stop loss position for layout. This way, even if you are wrong, you can exit with a small loss, and if you are right, you can make a big profit.

The daily K-line currently shows a high of 3615 and a low of 3300. The first resistance level at the daily level has been broken, and the previous high has also been surpassed. The major resistance level is above 2800, and the EMA15 trend support has stretched to 3265. Even so, the bullish network expansion trend indicator has not ended, indicating that the current upward adjustment will continue. The MACD volume increase is not very obvious, but the DIF and DEA are expanding upwards quite naturally. The overall top divergence will still continue. The upper Bollinger Band has lost the 3535 level, and the overall trend is mainly bullish, so no short positions for now.

Now let's look at the four-hour chart to see if there is a possibility of a pullback. We are currently at a pressure point in an upward trend. Pay attention to whether 3630 can form effective resistance. The EMA15 trend support has reached 3450, and a pullback to this trend support can be an entry point. The MACD volume has been continuously increasing, and a gradient volume indicator has appeared. The DIF and DEA are continuing to expand upwards. The V-shaped transition has ended, showing a bullish bat pattern. The K-line has continuously broken through the upper Bollinger Band at 3600, and the resistance level has been hard to break through. The bullish trend continues, and the strategy is to focus on pullbacks to go long, with shorts as a supplement.

Short-term reference: Safety first. Remember that there is no 100% certainty in the market, so always set a stop loss. Safety first, small losses, and big profits are the goal.

For the upper range, short from 3800 to 3850, with a stop loss at 3900 to 3950, and a stop loss of 50 points. The target is 3700 to 3600, and if broken, look at 3500 to 3450.

For the lower range, long from 3450 to 3500, with a stop loss at 3400 to 3350, and a stop loss of 50 points. The target is 3600 to 3650, and if broken, look at 3700 to 3750.

Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed, and it is suggested for reference only. Risk is 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. Risk is 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!

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。