Coin Circle Liying: 11.18 Ethereum defends 3,000! Strong bottom bearing capacity! Rebound signal is beginning to appear! Latest market analysis
Article release time 2024.11.18----08:35
The current price of Ethereum is 3100. This time the 3,000 defense battle has started for several days. It has been held for many consecutive times. It is not ruled out that this round of defense battle will fall below 3,000. Therefore, if bulls want to enter the market, they can choose to find suitable support below the 3,000 mark. If they have already entered the market at 3050, they should pay attention to the pressure of 3150 above
As usual, we should start with the price trend analysis. The current K-line pattern price of the market fluctuates in the range of 3100 to 3200, showing a pattern of shock consolidation, with multiple upper and lower shadows. Liying judges that there is a certain selling pressure and support in the market. The technical indicators MACD currently have negative DIF and DEA, but the gap is narrowing. The MACD bar chart shows that the short force is weakening, and there may be a golden cross signal.
The relative strength index RSI value is close to 50, which is in the neutral area and has not entered the overbought or oversold state. The short-term trend is not obvious. The trend indicator EMA7 is lower than EMA30, and the two are gradually approaching, showing signs of a rebound in the short term; EMA120 is far lower than the current price, and the long-term trend is still biased towards an upward trend. The idea of going with the trend and going low and long remains unchanged, because when the trading volume is high, it means that the willingness to chase the rise is insufficient. When the price is adjusted, the trading volume is slightly enlarged, showing a certain carrying capacity.
Today's latest point reference
Long point 3030, supplement 2980, stop 2950, target 3100
Short point 3130, supplement 3180, stop 3210, target 3030
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 your reference, please bear your own risk
