Crypto Circle Academician: Ethereum Bulls Return on November 30! How to Position at Key Levels? Latest Market Analysis Reference

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5 hours ago

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Crypto Community Scholar: Latest Ethereum (ETH) Market Analysis Reference on 2024.11.30

The current price of Ethereum is 3578. It is now 4 AM Beijing time, and Ethereum has returned to the neckline. My thought process is simple: the pullback is only valid if it holds. You can go long with real positions, targeting the previous high of 3688. If it breaks, we continue to look upward. The rotation of the second-tier coins has already started, and it is still early in the process. As long as we confirm support at the neckline, we can go long, following the trend. Therefore, the effective entry point yesterday at 3550 was a good opportunity. Make sure to defend and set stop-losses; if wrong, exit with a small loss, and if right, hold and look for the previous high.

Before the article was published, the daily K-line reached a high of 3650 and a low of 3535. The EMA trend indicator remains bullish, with EMA15 support at 3345, still stretching and expected to extend above 3450, close to 3500, forming new support to continue the bullish trend. The MACD is expanding upward, with DIF and DEA diverging bullishly. The Bollinger Bands are opening, and the K-line has returned to the channel, temporarily constrained by the upper band at 3642. The pressure level has already been lost, so we can continue to look upward for new pressure points.

The four-hour K-line has formed a clear ascending flag pattern. Therefore, if the bulls pull back and do not break 3500, you can hold. Conversely, if it breaks down, it may form a short-term bearish trend, probing down to 3400. The MACD is contracting downward, confirming the top divergence. The Bollinger Bands show a trend of contraction, with the upper band pressure at 3735 and the middle band support at 3535. The strategy is to focus on low longs and use shorts as a supplement. In the case of an unchanged trend, all pullbacks can be seen as entry points.

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

For the upper range of 3800 to 3850, go short, with a defense at 3900 to 3950, stop-loss at 50 points, and target at 3700 to 3600. If it breaks, look at 3500 to 3450.

For the lower range of 3450 to 3500, go long, with a defense at 3400 to 3350, stop-loss at 50 points, and target at 3600 to 3650. If it breaks, look at 3700 to 3750.

Flag pattern indicators reference:

If it does not break 3530 to 3500, go long, target 3600, stop-loss 20 points.

If it breaks 3530 to 3500, go short, target 3400, stop-loss 20 points.

If it does not break 3640 to 3650, go short, target 3550, stop-loss 20 points.

If it breaks 3640 to 3650, go long, target 3730, stop-loss 20 points.

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; the suggestions are for reference only, and risks are to be borne by the reader.

This article is exclusively contributed by the Crypto Community Scholar and represents the scholar's unique perspective. 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. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When the trend comes, respond 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 Crypto Community 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.

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