Coin Circle Liying: On November 13th, Ethereum enters the era of greed after three nights and four days! A cooling period after the rapid rise! Latest market analysis

Article published on 2024.11.13—08:30 AM

Ethereum's current price is 3250, compared to yesterday's peak of 3450, the cryptocurrency market is filled with greed, and after breaking 3400, many bullish voices targeting 4000 emerged, stirring the market. Retail investors must not blindly follow the trend; it is essential to plan rationally. With such a good trend, don't choose the wrong direction while standing at the forefront. Looking at yesterday's Liying strategy above 3250, although it took profits at 3300, collecting everything doesn't hinder rest. You can act with peace of mind without worrying about who is still holding positions.

Liying will first analyze the price trend. Currently, the K-line pattern at the 3300 level has seen multiple upper shadows, which is why Liying chose to take profits at 3300, as there is strong selling pressure at this position. Subsequently, the appearance of long lower shadows indicates that the 3200 level has certain support, which is also the reason Liying chose to enter at a low point. The technical indicator MACD shows that both DIF and DEA are positive, but the MACD histogram has turned from red to green, indicating a weakening of upward momentum. Therefore, Liying judges that today’s market has entered a consolidation phase.

The relative strength index (RSI) has fallen from the overbought zone and is currently around 60, indicating that market sentiment has cooled somewhat but remains in a relatively strong area. The trend indicators, short-term EMA7 and medium-term EMA30, are showing a bullish trend, with the long-term trend looking good. However, Liying suggests everyone pay attention to whether the short-term EMA will be broken. The trading volume increased yesterday and then gradually decreased, which is a typical behavior of profit-taking after a sharp rise. Especially now, with the reduced trading volume, if market sentiment warms up, it will lead to more wait-and-see sentiment. Liying advises everyone to wait for new directional guidance.

Short-term strategy reference:

Buy point 3200, stop loss 3150, stop loss point 3120, target 3300

Sell point 3350, stop loss 3400, stop loss point 3430, target 3250

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