Cryptocurrency Academy: On May 3rd, the upper shadow of Ethereum has appeared consecutively; retail investors should not blindly chase after buying. Latest market analysis for reference.

CN
12 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

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Crypto Circle Scholar: May 3, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1850. It is now 3 AM Beijing time. Yesterday, I mentioned that if Ethereum does not break the previous high of 1730, you can take profits and exit. Before this article was published, Ethereum still hadn't broken the previous high, so have you exited? Don't be greedy; this range has already provided over 140 points of space. Take your profits and don't hold onto positions, especially in situations where there are consecutive upper shadows. There is a high probability that the main force will accumulate at the top and then have a deep pullback, so we need to defend ourselves.

The daily K-line had a high of 1871 and a low of 1812. The EMA trend indicator still shows a long-term bearish trend. The EMA15 and EMA30 are still in an alternating overlapping phase, with the overlap point being the support level at 1765. The MACD has been continuously decreasing in volume, with a downward gradient. The K-line is facing upward resistance, and the DIF and DEA are continuing to diverge. Therefore, we have reason to believe that the main force will slowly boil the frog above 1800. The upper pressure level of the Bollinger Bands has reached 1916, with the middle band at 1705. In terms of strategy, you can enter the market regardless of which position it reaches.

The four-hour K-line shows a double top at 1870, which is an effective resistance level. You can try shorting at high levels, but make sure to defend and set stop losses. The target can be based on the strength of the EMA30 support at 1810, with flag support at 1730. The MACD volume is decreasing, and the DIF and DEA are still at high levels. After the K-line hits the upper Bollinger Band, it may pull back, so pay attention to the support at 1815. A new trading range is forming, and the subsequent entry points need to wait for the trend to clarify before being defined. For now, focus on short-term trading.

Short-term reference: Safety first. Remember that there is no 100% certainty in the market, so always set stop losses. The goal is to minimize losses while maximizing gains.

For a northern entry point, try between 1760 and 1730, with a defense at 1700 and a stop loss of 30 points. The target is 1800 to 1840, with a breakout target at 1870.

For a southern entry point, try between 1900 and 1930, with a defense at 1960 and a stop loss of 30 points. The target is 1850 to 1800, with a breakout target at 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, and the suggestions are for reference only; risks are to be borne by you.

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 to be borne by you. 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 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 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. 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 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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