Crypto Circle Academician: On November 12, Ethereum will soon challenge the 3400 mark; do not trade against the trend, wait for a stable profit opportunity

Ethereum's current price is 3331, and the time is 2:30 PM Beijing time. Let's first review yesterday's practical operation. After breaking the 3185 resistance level, we took a long position in line with the trend. At that time, the short-term trend indicators showed extreme contraction, and the trading volume on the order book increased significantly. We took profits at 3365 at 7:30 AM, which took several days or even a week to achieve before, but this time it reached that level in just a few hours. Today's market has reached a key resistance level of 3400; it is important to pay attention to the order book at this position. Once it breaks, a new situation will arise.

Since the daily K-line stabilized above 2400, it has stretched all the way to today, gaining 1000 points. However, the supplementary rise has not yet ended. The EMA trend indicators are still expanding upward, and only half of the upward diffusion has occurred. The trend remains unchanged, MACD is increasing in volume, and DIF and DEA have not yet exited the bullish energy indicators. The only thing left is to wait for the major trend indicators to reach key support levels.

The four-hour K-line has appeared with a hanging top bearish line, with EMA15 support reaching 3220, EMA30 reaching 3090, and MACD's top divergence becoming increasingly severe. The increase in volume for accumulation has decreased. The Bollinger Bands have shown an upward channel, with the upper band resistance level at 3398 and the middle band support at 3175. The strategy is to focus on buying on pullbacks, and never counter the trend. Not everyone can exit unscathed when going against the trend; most people will get centralized. Follow the trend primarily, and remember these six words: do not trade against the trend.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set a stop-loss. Safety first, small losses, big gains are the goals.

For the upper side, short positions from 3500 to 3550, with a stop-loss at 3600, targeting 3400 to 3300. If broken, look at 3250, stop-loss 50 points.

For the lower side, long positions from 3200 to 3250, with a stop-loss at 3150, targeting 3300 to 3400. If broken, look at 3450, stop-loss 50 points.

Don't forget, the darkest moment is often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans achieve financial freedom in 2024. Let's work hard together! $ETH #ETH行情分析 #以太坊行情分析