Cryptocurrency Li Ying: Crazy rise on November 12th! Hold on tight! Ethereum has once again soared past 3300, who dares to short? Latest market analysis

Article publication time: November 12, 2024—09:00 AM

Current price of Ethereum: 3333, the rebound continues, the fervor of the market is beyond imagination, absolute bullish signals from various indicators provide no reason to short, the fear and greed index continues to spread, in just a few days the market's heat has increased, and popularity is constantly reaching new highs. Li Ying continues to support long positions as always, continuously capturing territory, each harvest is significant, truly validating the saying that even a pig can fly when standing at the wind's edge. Let's all work hard together,

Let's look at the price trend, the current K-line pattern shows a very obvious upward trend, such a clear trend certainly indicates direct support for long positions. From the 9th to the 11th, the price rose rapidly from 2962 to 3375, the buying power is too strong, the technical indicator MACD is in the positive zone, and the DIF line has crossed above the DEA line and continues to diverge upwards, indicating the market is in a bullish trend, our bullish outlook remains unchanged.

The relative strength index (RSI) is above 70, entering the overbought zone. Li Ying has not found any signs of a pullback, indicating that the current trend is still strongly upward, this is beyond doubt. The trend indicators in the short term are all showing an upward divergence, bullish sentiment is strong, coupled with trading volume increasing along with price, the main capital inflow is quite evident. It’s still the same saying: in a bull market, there’s no calling a top, just set your stop loss and go with the trend.

Short-term strategy reference:

Long entry point: 3250, stop loss: 3200, stop loss point: 3150, target: 3400

Short entry point: 3400, stop loss: 3450, stop loss point: 3500, target: 3250

The above is Li Ying's brief analysis of the current market situation for investors' reference $ETH #以太坊行情分析