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 cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people 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 true wealth!

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

Cryptocurrency Academician: Analysis and Reference Suggestions for the Latest Market of Ethereum (ETH) on April 1, 2024

Ethereum's market yesterday saw a take-profit at around 3520 and a hold at 3620, but the downside is that the short position near 3620 is still being held, and the reserved position for adding at 3660 has not been entered. The stop-loss point remains at 3685 (to prevent the long position from fully opening), and the short position is still being held for now.

Looking at the market situation today, as of the deadline for this article, the current price of Ethereum is 3622. Yesterday, Ethereum's rebound reached 3600, and the big coin at 70,000 echoed this. This round of rebound is considered to have ended, and the next round is expected to wait for the right timing. Compared to the last time the big coin and Ethereum simultaneously broke historical highs, there is now a gap of nearly 1000 points. Currently, the daily K-line is at the high level of the EMA trend line, the MACD volume reduction is about to end, the DIF and DEA are also preparing to form a golden cross, and the KDJ is spreading upwards. The market is gathering momentum, and the Bollinger Bands are turning downwards. The K-line is above the middle track line of 3550. The middle track line has dropped 150 points from the previous 3700 exchange point, but the support point below is still too high. The long and short range is shrinking.

The four-hour ultra-short trend shows that the K-line deviates too far from the EMA trend indicator, and a pullback is expected. Below, attention should be paid to the EMA10 standing positions at 3595 and 3530. As the saying goes, this kind of contraction trend in EMA has appeared many times in history, and it often indicates that the main force is preparing to wash the market. Therefore, it is necessary to be cautious. This is why I suggested everyone to lay out short positions near 3620 this time (with a good stop-loss). The MACD volume is decreasing, the DIF and DEA are within the volume indicator, the KDJ is closing downwards, and it is expected to impact the 3600 level downwards. The Bollinger Bands are opening up, and there is an opportunity to capture the downward short position. The specific reference is as follows:

Reference strategy: Enter the short position at 3630 for the first time, at 3685 for the second time, and set the stop-loss for the short position at 3700 (slightly widen the distance from the previous high). Enter the long position at 3560 for the first time, at 3500 for the second time, and set the stop-loss at 3450 (time for space exchange). The specific operation should be based on real-time market data. For more information, please consult the author. The article is published with a delay, and the suggestions are for reference only. Trade at your own risk.

This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others, the above views and suggestions are not real-time due to the timing of article publication, and are for reference only. Trade at your own risk. Reprinting should indicate the source. Control your positions reasonably, and do not overexpose or go all in. 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. The way of heaven rewards hard work, the way of earth rewards kindness, the way of people rewards sincerity, the way of business rewards trust, the way of industry rewards precision, and the way of art rewards heart. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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