Cryptocurrency Academy: The dual support of Ethereum at 5.1 is effective, and a major market trend is brewing! Latest market analysis reference.

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1 day ago

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Crypto Circle Scholar: May 1, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1785. It is now 2:30 AM Beijing time. I haven't dared to enter a short position, but should I enter a long position? The daily K-line has retraced to 1730, which is currently the best entry point. The daily K-line has just retraced to the intersection of the EMA30 and 15 trend lines. As long as this position holds, the bullish trend will not disappear, and the bearish trend will struggle to make progress. Hold patiently; there is currently no better entry point than 1730. Therefore, after reaching around 1840, do not exit completely; leave some base positions to continue holding.

The daily K-line reached a high of 1816 and a low of 1730. The EMA trend indicator remains bearish on a larger scale, while it is contracting on a smaller scale. There is a trend of short-term pullback. The MACD has been continuously decreasing in volume, showing a stair-step pattern, indicating that bullish momentum is starting to weaken. The divergence between DIF and DEA continues. The upper Bollinger Band pressure level is at 1880, and the middle band support level is at 1680. The market is favorable, but the technical aspects are showing bearish signs, which is not friendly for retail investors, especially after the trend has been broken.

On the four-hour K-line, a rising flag pattern has shown a false break. The K-line tested the lower EMA120 trend line and then pulled back up, indicating that the larger trend support is effective. The 1730 position is crucial. The MACD has been continuously decreasing in volume, with DIF and DEA expanding at a high level. The K-line has also shown a false break of the lower Bollinger Band at 1765, and now it has returned to the channel. We have reason to believe that this wave of market movement is a trap for shorts, not a vacuum. Maintain good defense and set stop-losses; holding patiently is sufficient.

Short-term reference: Safety first. Remember that there is no 100% certainty in the market, so always set stop-losses. Safety first; small losses and big profits are the goal.

For a northern entry point, try 1740 to 1720, with a defense at 1690 and a stop-loss of 30 points. The target is 1800 to 1840, with a breakout target of 1870.

For a southern entry point, try 1810 to 1850, with a defense at 1850 and a stop-loss of 30 points. The target is 1800 to 1750, with a breakout target of 1700.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, precision by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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