Cryptocurrency Academy: On May 2, Ethereum broke the upper Bollinger Band three times in four hours? The bullish trend remains unchanged, with signals to sell on spikes! Latest market analysis reference.

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1 day ago

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Crypto Circle Academician: May 2, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1845. It is now 3:30 AM Beijing time. Yesterday's article mentioned that shorts were hesitant to enter the market, and even with a pullback to 1730, they still didn't dare to go long. When will they? Now, Ethereum has broken the previous high. At this moment, both bulls and bears are fearful. If you want to enter, you can only wait for the next pullback. Those who have already entered at 1850 have taken half off the table. The remaining position depends on whether the main force can break the previous high of 1875. If it doesn't break, it's best to take profits. If a fellow trader entered short at 1850, they can hold, but they must be cautious. If it breaks below 1820, they should exit with a small profit.

The daily K-line reached a high of 1875 and a low of 1790. The EMA30 and EMA15 have ultimately converged, rising to 1760. If the next K-line pullback does not break this level, the overall trend remains bullish. Currently, the K-line is pushing towards the EMA60 resistance level at 1920, which is worth monitoring. The MACD has been continuously decreasing in volume, and a significant divergence at the top is evident. Coupled with the polarization formed by the DIF and DEA, there is a high probability that the market will peak and sell off. It is advisable to set stop-loss and take-profit levels, as manually exiting at the best point is challenging. The upper Bollinger Band has reached 1900, and the middle band is at 1700. The range has provided entry points for shorts, and let's take a look at the short-term indicators.

The four-hour K-line has formed a double top, currently holding at 1875. The EMA trend indicator is still showing a bullish trend. The double top resistance may cause the main force to consolidate above 1850. The MACD has been increasing in volume, and the DIF and DEA have formed a golden cross. Additionally, the four-hour K-line has broken the upper Bollinger Band at 1855 three times in a row. This alternating upward trend poses a significant risk for shorts. Conservative traders can wait for a drop to key support before going long; for now, avoid shorting.

Short-term reference: Safety first. Remember, the market is never 100% certain, so always set stop-losses. Safety first, small losses with big gains is the goal.

For a northern entry point, try 1760 to 1730, with a stop at 1700, a stop-loss of 30 points, and a target of 1800 to 1840. If it breaks, look for 1870.

For a southern entry point, try 1900 to 1930, with a stop at 1960, a stop-loss of 30 points, and a target of 1850 to 1800. If it breaks, look for 1760.

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 Academician and represents the unique views of the Academician. 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 views 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 Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend arises, respond and follow 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. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Crypto Circle Academician 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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