As a senior figure in the cryptocurrency space, I have been deeply involved in this captivating and challenging industry for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the cryptocurrency space. Continuous learning and enhancing one's cognitive and judgment abilities are essential to navigate this challenging field steadily.

Old Yang from the Crypto Circle: Ethereum Market Analysis on November 28, 2024

Ethereum's daily K-line fluctuates between 3300 and 3680, with key daily resistance levels and previous highs already broken. The major resistance level is above 3900. The EMA12 trend support has risen to 3353, and the bullish network expansion trend remains intact, indicating that the upward correction will continue. Although the MACD volume increase is not significant, the DIF and DEA are naturally extending upwards. The overall top divergence situation continues, with the Bollinger Bands contracting and the upper band at 3600 already lost. The current overall trend is bullish, and the timing for shorting is not yet mature. Investors should focus on the development of the bullish market, seize potential opportunities, and pay attention to indicator changes to respond flexibly to subsequent trends.

On the four-hour chart, Ethereum is at a critical node of the rising pattern resistance level, and whether 3680 can constitute effective resistance is under close scrutiny. The EMA12 trend support is at 3500, and a pullback to this support may present a good buying opportunity. The MACD is expanding and showing a gradient indicator, with the DIF and DEA continuously spreading upwards. The K-line has already broken through the upper Bollinger Band at 3650, and the bullish trend remains strong. The operational strategy should primarily focus on buying on pullbacks, with shorting as a supplementary strategy, requiring close attention to price fluctuations at key points for precise entry timing.

Short-term Strategy:

Short from 3780 to 3850, add positions at 3930, stop loss at 50 points, target 3600.

Long from 3400 to 3480, add positions at 3350, stop loss at 50 points, target 3650.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this analysis is at your own risk; investing carries risks, and caution is advised when entering the market.

This article is exclusively planned and published by Old Yang from the Crypto Circle. For more real-time investment strategies, spot contract trading techniques, and operational skills, you can consult the author for learning and exchange. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve remarkable results!

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