CoinCircle Liying: Has the short-term rise of ethereum at 10.13 already become a certainty? Latest market analysis.

Article published on October 13, 2024 at 03:00.

After fluctuating, ethereum has returned to 2470, which is just above the high levels from the beginning of the month until now. Once it surpasses 2470, ethereum will essentially be in a high-level phase. At this time, it is a high-level consolidation phase. Without breaking the key resistance point of 2520, it's valid to continue holding short positions. So, it is advisable to patiently wait for the market to unfold before deciding whether to stay or leave.Support level.The short position remains unchanged, make sure to set your stop-loss.

　　

Looking at the current candlestick pattern in the range of 2400 to 2500, there is a pattern of oscillation and consolidation. A long lower shadow appeared on the 11th, indicating strong bid support.technical indicatorsMACD's current DIF and DEA are both positive values, and MACDThe histogram shows an expanding trend, indicating strengthening short-term bullish momentum.

　　

Now let's take a look at the relative strength indexRSIThe RSI is close to the overbought area, indicating that the upward momentum still exists. The trend indicator EMA7 has crossed above EMA30 and EMA120, showing a positive short-term trend and potential for further upside. The trading volume in the market has increased along with the price, indicating higher market participation. Bulls are actively entering the market, with overall high trading volume supporting the current price level. Prepare for both scenarios and watch for the support not to be broken; if broken, follow the trend and go long.

Today's latest reference point: (rise)

Go long at 2430, add position at 2400, stop loss at 2380, target 2500.

Go short at 2500, add position at 2530, stop loss at 2550, target 2400.

Reason: Pay attention to key resistance levels. Go long if broken, otherwise switch to short with a good stop loss for safety first. Real trading results can be checked with Liying for real-time information. The article is for reference only, with risks assumed by the reader.

The above analysis and conclusions are based on market data and trend analysis of the market. They are for reference only and do not constitute investment advice. They are for everyone's reference. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating numerous valuable experiences and profound lessons. As a female trader who has been striving in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams to find their position and embark on their own successful journey in this unpredictable market.