Crypto world Lingying: Ethereum hits another all-time high of 12.2! Are you ready to embrace the next wave of profit frenzy? Latest market analysis

Crypto world Lingying: Ethereum hits another all-time high of 12.2! Are you ready to embrace the next wave of profit frenzy? Latest market analysis

The article was published at 2024.12.2----03:10

The current price of Ether is 3715, breaking the previous high again. Is it the same as expected by Liying? Earlier, when it was at 3300, it reminded everyone not to withdraw all their chips and leave some bottom positions. Would it be wise? Now, there is no suitable entry point to get on board, so for those who got on board at 3300 and 3530, don’t rush, first take some profits and continue to hold the rest.

Because from the price trend analysis, the Order Book Candlestick pattern is oscillating around 3700, forming a relatively high consolidation area, so taking a position at this level belongs to chasing the price and selling with a bearish market. It is not recommended to enter a position here. It’s best to wait and see, and for those who have entered a position, don’t rush to get out. Although there is a certain selling pressure above, bear traps cannot be ruled out. Even if there is indeed selling pressure, it is a retreat to pick up people. The technical indicator MACD’s current DIF is slightly lower than DEA, and the MACD histogram has turned from positive to negative, indicating that the short-term bullish momentum is weakening, and it may enter a consolidation phase.

The Relative Strength Index (RSI) value is close to 63, indicating a neutral to strong range, but it has not entered the overbought zone, indicating that there is still pump potential in the market, but careful observation is required. The trend indicator EMA price is currently running above EMA7, indicating that the short-term trend is still upward and also above EMA30 and EMA120, indicating a good long-term trend. In addition, the Trading Volume has increased, indicating increased market activity. As the price oscillates at high levels, the Trading Volume gradually decreases, indicating increased market watchfulness. At this time, be patient and wait for the market to explode.

Today’s latest reference point

Go long at 3600, fill at 3550, stop at 3500, target at 3750

Short at 3800, cover at 3850, stop at 3900, target 3600

The above analysis is based on market data and trend analysis of the Order Book, and does not constitute investment advice. It is for reference only. During the past decade, Gate.io has explored and experienced hundreds of different digital assets. In this process, Gate.io has experienced the glory of the bull market and the gloom of the bear market, accumulating countless valuable experiences and profound lessons. As a female trader who has been striving in this challenging field, Gate.io feels a responsibility to share its insights and experiences, hoping to help others with dreams find their own position in this unpredictable market and embark on their journey to success.

The content of the article is for reference only and has real-time nature. Please take risks on your own.