Coin Circle Liying: Ethereum's victory in defending 3000 bulls on November 17 injects confidence into the future market! Latest market analysis
Article release time 2024.11.16----02:00
Ethereum is currently priced at 3167, and the market stopped falling at the 3000 mark. Ethereum's 3,000 defense war is considered a staged victory for bulls. It stretched all the way to break 3200. The market saw a sharp rise last night and then a sharp drop. Liying chose to wait and see without entering the market. In the market outside of her own trading cognition, Liying's consistent idea is to wait, wait for opportunities and signals, and lie dormant after profit-taking
Today's price trend shows that the K-line pattern fluctuates around 3172, forming a small upward trend. The previous high of 3223 and the low of 3016 constitute important pressure and support areas in the short term. The technical indicators MACD's current DIF and DEA are both negative, but the MACD bar chart turns from negative to positive, showing that the bulls are strengthening. Liying supports Bullish trend
Relative Strength Index RSI14 is close to the neutral level of 53. Liying judges that the market is not obviously overbought or oversold for the time being. The trend indicator EMA7 has crossed EMA30 and is much higher than EMA120, indicating a positive short-term trend. In addition, the increase in trading volume shows that bulls have been exerting their strength during the price increase. When the price falls back to below 3100, the trading volume is significantly enlarged, which may be due to the intervention of bottom-fishing funds, indicating that the main force is effective in absorbing funds and there is a possibility of further stretching. It is recommended to continue to follow the trend and take long positions as the main force and short positions as the auxiliary force.
Today's latest point reference
Go long at 2950, make up at 2900, stop at 2870, target 3100
Short at 3100, make up at 3150, stop at 3180, target 3000
The above analysis is based on the conclusions drawn by Liying based on market data and market trend analysis, and does not constitute investment advice. For family members' reference $ETH #以太坊行情分析
