Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment path, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.

As a senior figure in the coin circle, I have always been committed to providing helpful advice to everyone, hoping that everyone will take fewer detours and make fewer mistakes in this market. Although I advise earnestly, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Coin Circle Academician: Analysis and Reference Suggestions for the Latest Market of Ethereum (ETH) on March 31, 2024

The market of Ethereum is flat. Yesterday's strategy will be reviewed. The first entry point at 3580 suggested yesterday has not been reached. The space from the long position in the range of 3520-3460 is not much. In addition, the weekend market has shown a trend of triangular convergence, and the volatility is decreasing. Remember to set good stop-loss and take-profit levels.

As of the deadline for submission, it is around 3535. The daily K-line has closed lower for two consecutive days, indicating strong bearish sentiment. Long positions should not be held for long. The EMA trend indicators only start to converge in the 3520 range, and EMA30 has strong support to watch at the key point of 3480. The MACD volume is shrinking, and the main force has been increasing positions. The KDJ is showing a clear trend of downward alternation, and the Bollinger Bands are heading downward, with the bearish momentum stronger than the bullish. The midline of the Bollinger Bands is pressing down, and the pressure level to watch is at the key point of 3570.

Looking at the ultra-short trend of the four hours, the EMA trend lines are currently highly converging and narrowing. The K-line is almost flat along the trend line. Almost every time the EMA shows such an indicator, the main force will conduct a large-scale washout (plunge), and the amplitude is particularly large. Coin Circle Academician believes that this time will be no exception. The MACD volume is shrinking, and the DIF has entered below 0 and formed a divergence with DEA. The KDJ is turning upward, and the midline balance point of the Bollinger Bands is at 3530. The upper pressure level to watch is at the 3600 mark. (Regardless of long or short, pay attention to setting good stop-loss and take-profit levels, safety first)

Specific operational strategy reference: Short at the first entry point of 3550, the second entry point of 3580, and the suggested stop-loss point for shorting is 3605 (a bit closer) to prevent the main force from breaking through and stretching. Long entry points at 3500 and 3470, with a suggested stop-loss at 3450 (a bit away from the lower Bollinger Band to prevent being swept). The current trend in the market favors the bearish side, so the bearish position is the main focus. Specific attention should still be paid to changes in the market trend. After the trend changes, refer to the market data as the main reference. For more information, please consult the author. The article is published with a delay, and the suggestions are for reference only. Please trade responsibly.

This article is exclusively provided by the Coin Circle Academician and represents the Academician's exclusive viewpoint. Due to the timing of the article's release, the above viewpoints and suggestions do not have real-time relevance, and are for reference only. Trade responsibly. Reprinting requires attribution. Please control your positions reasonably and avoid heavy or full positions. The Academician also hopes that investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the potential profits slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It's not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit levels for each trade. The Coin Circle Academician wishes you a pleasant investment journey!

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