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I am a warrior who has always been protecting the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's cheer together!

April 14, 2024 Ethereum (ETH) Latest Market Analysis

Ethereum has been liquidated for two consecutive days, which is a carnival for the main force. If you don't have the ability to hedge, the best way is to wait and see, and enter the market after the main force has finished performing. After all, the joy and sorrow of the main force and the "leeks" are not the same. This feast is not something that everyone can participate in. At least the cryptocurrency academician will choose to watch from the sidelines. The original plan for yesterday's market was for Ethereum to pull back to around 3320 before entering the short position, but it didn't go as planned. There was no operation all day, and what we got was liquidation. Fortunately, we also managed to protect ourselves.

Looking at today's market, as of the time of writing, Ethereum is trading near 2965. Yesterday, Ethereum reached a high of around 3300 and a low of around 2786. The daily K-line broke through the support of the EMA trend indicator at 3985 and came to the EMA170, which is the support at the lowest point of yesterday at 2785. The lowest value of the KDJ downward trumpet mouth has come to 8.87, and there is still room for it to go down. The MACD is shrinking and going down, and the DIF and DEA are still in a bearish trend, with the DIF still spreading downward. After the Bollinger Bands opened, it came to the lower track at 3030. The technical indicators have all collapsed (bearish trend is coming).

In the four-hour ultra-short-term trend, the current market situation shows that the K-line is alternately spreading downward, and the main force will consolidate in the range. After the KDJ opened downward, the value returned to 21.2. The MACD is shrinking and going down, and the DIF plunged below the shrinking value to -119 (bearish trend continues). The Bollinger Bands opened up, and the lower track exchange point below the Bollinger Bands channel can be focused on, which is near the 3000 level. The main trend is bearish.

Specific operation reference is as follows: focus on short positions during the pullback

First entry point: focus on 3030, Second entry point: focus on 3100

First exit point: focus on 2890, Second exit point: focus on 2830

Short position stop loss point: 3150

No additional long strategies are provided for the time being because the risk of going long is greater than the return. Being steady is the priority. Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. The risk is at your own discretion.

This article is exclusively provided by the cryptocurrency academician and represents the academician's exclusive viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, and others. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. The risk is at your own discretion. Please indicate the source when reposting, and control your position reasonably. 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 the trend becomes 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 details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The cryptocurrency academician wishes you a pleasant investment!

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