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12.17 Signs of Ethereum Air Drop Power Exhaustion Have Appeared, Change of Trend Node Approaches! Latest Market Analysis and Short-term Strategy Reference
Ethereum Current Price 2945, it is now 4:30 AM Beijing time, and it has started to be motionless like a salted fish again, staying above 2940 for more than a day. There is no rush to continue holding north; waiting for the market to launch before going north will lead to missing this wave. Get on board first, and leave the rest to time.
Before the article is published, the daily K-line reached a high of 2980 and a low of 2870. The EMA trend indicator remains unchanged and contracted. After the K-line broke through the EMA trend indicator, it was blocked by the Fibonacci retracement level of 0.618. There is strong support below, which is expected not to be touched in the short term but to seek opportunities after a pullback. The MACD has continuously decreased in volume and is about to start shrinking downward. The KDJ has also been expanding downward for more than a week. The lower band of the Bollinger Bands focuses on 2830. Overall, the trend shows that the market has indeed reached the bottom of the range, and further downward movement is difficult. If it goes north effectively, it can be held.
Will the four-hour K-line transition to a U-shape back to 3170? According to the current trend, there is a high probability, but the first resistance level is around 3030. If this position cannot be effectively broken, it will conclude the upward movement. The MACD shows a bottom divergence with reduced volume upward. The lower band of the Bollinger Bands focuses on 2880, the upper band focuses on 3200, and the middle band is just at the first resistance level of 3030, so if the upward movement is effective, it can be held with proper defense and stop-loss management.
Short-term Reference: (Real data has been updated, please consult the author for details)
Southward trial position 3040 to 3090, defense 3140, stop-loss 50 points, target looking at 2980 to 2930, break level looking at 2880 to 2830.
Northward trial position 2900 to 2850, defense 2800, stop-loss 50 points, target looking at 2950 to 3000, break level looking at 3050 to 3100.
Ethereum Current Price 2945, it is now 4:30 AM Beijing time, and it has started to be motionless like a salted fish again, staying above 2940 for more than a day. There is no rush to continue holding north; waiting for the market to launch before going north will lead to missing this wave. Get on board first, and leave the rest to time.
Before the article is published, the daily K-line reached a high of 2980 and a low of 2870. The EMA trend indicator remains unchanged and contracted. After the K-line broke through the EMA trend indicator, it was blocked by the Fibonacci retracement level of 0.618. There is strong support below, which is expected not to be touched in the short term but to seek opportunities after a pullback. The MACD has continuously decreased in volume and is about to start shrinking downward. The KDJ has also been expanding downward for more than a week. The lower band of the Bollinger Bands focuses on 2830. Overall, the trend shows that the market has indeed reached the bottom of the range, and further downward movement is difficult. If it goes north effectively, it can be held.
Will the four-hour K-line transition to a U-shape back to 3170? According to the current trend, there is a high probability, but the first resistance level is around 3030. If this position cannot be effectively broken, it will conclude the upward movement. The MACD shows a bottom divergence with reduced volume upward. The lower band of the Bollinger Bands focuses on 2880, the upper band focuses on 3200, and the middle band is just at the first resistance level of 3030, so if the upward movement is effective, it can be held with proper defense and stop-loss management.
Short-term Reference: (Real data has been updated, please consult the author for details)
Southward trial position 3040 to 3090, defense 3140, stop-loss 50 points, target looking at 2980 to 2930, break level looking at 2880 to 2830.
Northward trial position 2900 to 2850, defense 2800, stop-loss 50 points, target looking at 2950 to 3000, break level looking at 3050 to 3100.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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