Coin Circle Liying: Is the short-term rise of Ethereum on October 13 a foregone conclusion? Latest market analysis

Article release time 2024.10.13—03:00

After many twists and turns, Ethereum has returned to 2470. The high from the beginning of the month to now is just above 2470. After 2470, Ethereum is equivalent to being in a high stage in the short term. This is the high consolidation stage. If the key resistance point of 2520 is not broken, the short position will be effective and can continue to be held. Therefore, you can patiently wait for the market to come out before deciding whether to go or stay. The idea of ​​shorting at the pressure point remains unchanged, and stop loss is set

Look at the current K-line pattern of the market, which fluctuates between 2400 and 2500, forming a pattern of shock consolidation. A long lower shadow appeared on the 11th, showing strong buying support. The current DIF and DEA of the technical indicators MACD are both positive, and the MACD histogram shows an amplification trend, indicating that the short-term bullish power is increasing.

Let's look at the relative strength index RSI14 close to the overbought area, showing that there is still upward momentum. The trend indicator EMA7 has crossed EMA30 and EMA120, indicating that the short-term trend is positive and there is room for further growth. The trading volume of the market has risen with the price, indicating that the market participation has increased and the bulls have actively entered the market. The overall trading volume is maintained at a high level, supporting the current price level. Be prepared for both hands. The pressure level will not break. If it breaks, follow up and go long.

Today's latest point reference: (up)

Long point 2430, cover point 2400, stop loss 2380, target 2500

Short point 2500, cover point 2530, stop loss 2 550, target 2400

Reason: Pay attention to the key pressure point, go long if it breaks, go short if it doesn't break, stop loss, safety first, you can check the actual results with Liying, the content of the article is real-time, for reference only, risk at your own risk

The above analysis is based on the conclusion drawn by Liying based on the trend analysis of market data and the market, for reference only$ETH #ETH合约波段 #ETH收益 #ETH投资 #ETH大涨 #ETH🔥🔥🔥🔥🔥🔥