crypto world丽盈: 12.9 Ethereum Relative Strength Index approaching the peak! Will the future direction be upward or downward? Latest market analysis

crypto world丽盈: 12.9 Ethereum Relative Strength Index approaching the peak! Will the future direction be upward or downward? Latest market analysis

The article was published on 2024.12.9----01:00.

ETH is now at 3988, almost back to the same level as yesterday. Yesterday it was 3990, today 3988, but it does not affect the trend of long positions at the higher level. The overall market has entered a very violent rising channel, achieving a triple jump and entering a new dimension. At this time, we cannot take the traditional approach of shorting on highs, because the trend of long positions at higher levels is too strong. LY reminds everyone to follow the trend and focus on going long. Avoid shorting as much as possible.

Looking at the current market situation, Liying first analyzes the price trend. Currently, the Candlestick pattern in the Order Book oscillates around 4000, and it has tested the 4000 level multiple times without a successful breakthrough, indicating strong pressure. The daily Candlestick shows a combination of high Doji and small Bearish line, indicating a relatively balanced market sentiment between bulls and bears. In the short term, there may be a directional choice. The technical indicator shows that the DIF and DEA of the four-hour MACD are gradually decreasing, and the MACD histogram is changing from positive to negative, indicating short-term pullback pressure.

The Relative Strength Index is currently close to 60, in the neutral and slightly strong zone, but there is no obvious Overbought or Oversold signal. It is necessary to follow whether it will fall below 50 to confirm the downward trend. The EMA trend indicator is currently hovering near EMA7, EMA30 and EMA120 are still rising, and the long-term trend is still a pump, but there is a short-term adjustment risk. The Trading Volume is decreasing. Especially when the price is close to 4000, it shows a strong market wait-and-see sentiment. It is reminded to be cautious about the pullback risk, and for the cautious, wait for the opportunity to pull back to the key support before getting on board long.

Today’s latest reference point

Long point 3900, supplement 3800, stop 3750, target 4050

Short at 4100, cover at 4150, stop at 4200, target 3950

The above analysis is based on market data and the trend analysis of the Order Book, and does not constitute investment advice. It is for reference only. For ten years, Gate.io has continuously explored and experienced hundreds of different digital assets. In this process, Gate.io has experienced the glory of the Bull Market and the dimness of the Bear Market, and has accumulated countless valuable experiences and profound lessons. As a female trader who strives in this challenging field, Gate.io feels a responsibility to share her insights and experiences, hoping to help others with dreams find their own place in this unpredictable market and embark on their journey to success.

The content of this article is for reference only and is subject to change. Please bear the risk yourself.