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 cryptocurrency circle, a warrior who has always been protecting the retail investors. I wish my fans financial freedom in 2024. Let's keep pushing forward together!

Scholar in the cryptocurrency circle: Latest market analysis reference for Ethereum (ETH) on November 29, 2024.

The current price of Ethereum is 3570. It is now 4 AM Beijing time. Ethereum has reached the neckline level of 3550 and is currently holding this level. Those who are holding can be patient and not rush to exit. Conservative investors should wait for a pullback before making a decision. After all, the sector rotation has begun, and it is normal for Ethereum to experience back-and-forth movements during its strengthening phase. Yesterday, the fast line stretched from 3300 to a high of 3688. The pullback to the golden ratio support level of 0.618, which is today’s lowest point of 3530, is effective support. The volume is rising, entering the second phase of the sprint towards the third phase. As for whether it can reach the key resistance level of 3830, let's not consider that for now; let's focus on the present.

Before the article was published, the daily K-line had a high of 3665 and a low of 3530. The EMA trend indicator's upward net expansion has ended. The MACD's volume increase and stretch have not finished yet. The DIF and DEA are still expanding at a high level. The Bollinger Bands have opened, and yesterday's K-line broke the upper band. Now, returning to the upper band at 3594, the pressure level is not strong. After stabilizing on the pullback, a new round of stretching will continue.

The four-hour K-line has continuously stood above the EMA15 trend support at 3530. The MACD's volume has decreased, and the top divergence continues. The DIF and DEA are contracting downwards at a high level, and the K-line is instead blocked at the trend high. The Bollinger Bands have opened, with the upper band pressure level to watch at 3704 and the middle band support at 3475. The bullish trend continues, and with the influence of sector rotation, we should wait for a pullback to key support before making a decision. The current neckline level is not suitable as the first entry point for long positions; it is best to enter after further probing downwards.

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.

For the upper range of 3800 to 3850, go short, 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 of 3450 to 3500, go long, 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, so it is suggested 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. Do not 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 and follow 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-losses and take-profits for each trade. The scholar in the cryptocurrency circle 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。