Hello everyone, I am Eleven. Starting a new week, let's continue to analyze and review the recent trend of Ethereum ETH market today!Looking at the chart, we can see that Ethereum ETH has increased by+1
Hello everyone, I am Eleven. Starting a new week, let's continue to analyze and review the recent trend of Ethereum ETH market today!
Looking at the chart, we can see that Ethereum ETH has increased by+1.12% in 24 hours today, with a 24 hour trading volume of 2119800 and a 24 hour trading volume of 27.85 billion.
ETH Latest Market
Using the relative strength index (RSI), moving weighted average (MWA), Williams fractal (fractal), and moving average convergence divergence (MACD) shown in the above figure, we can determine the price pattern of Dogcoin (DOGE) to determine its future direction.
We see that the Ethereum ETH in the latest 4 hour line has experienced 5 consecutive positive withdrawals and has started to rise again. The recent trend correction continues to show a fluctuating direction.
At present, the market situation of Ethereum has shown a high level sideways trend after a rapid rise at the beginning of the week. We have seen multiple ups and downs of the market, with weak continuity between long and short positions. In this situation, XI believes that appropriate high selling and low buying methods can be adopted to cope with market fluctuations.
So, in the face of the current market trend, there are the following strategies:
During multiple ups and downs of the market, we can adjust our positions appropriately based on pressure and support levels to reduce market risk.
In the current situation, if the support below is not broken, then the bulls will still have an advantage. Then we can pay attention to the performance of the support level and buy appropriately near the support level to seize potential upward opportunities.
I think although Ethereum has been rising rapidly recently, we still see resistance above it. So we need to pay attention to the performance of upward resistance, so that after the market repairs and accumulates power, we can seize further upward opportunities.
If you have any questions, you can ask me directly. As long as you know it on November 11th, you will definitely know everything!
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