Cryptocurrency Academy: Ethereum's "Fake Fall" and Rebound on May 6? Latest Market Analysis Reference

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2 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 world 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 6, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1830. It is now 3 AM Beijing time. There is no substantial target for the bottom, and there is still no opportunity to enter the market. Ethereum quickly rebounded above 1800. The volatility is less than expected. The original plan was to enter around 1770, but the lowest point reached 1780 before starting to rebound. It’s a typical "boiling frog" market, another day of false hopes.

The daily K-line reached a high of 1830 and a low of 1780, with a fluctuation of 50 points, a favorite for market makers, while retail investors should refrain from participating. The EMA trend indicator is contracting and consolidating, and the market is expected to continue this contraction. The MACD shows a continuous decrease in volume, with a top divergence trend continuing. The upper Bollinger Band has stretched to 1940, with the middle band focusing on 1740. The K-line is in an upward channel, consolidating without testing the top or bottom, suggesting a wait-and-see approach.

The four-hour K-line hit the EMA90 support at 1780 and then rebounded to consolidate above the EMA60. The short-term support at 1800 is effective, while the long-term support focuses on 1770. The MACD is consolidating with reduced volume, and the DIF and DEA are contracting at the 0 axis. With the Bollinger Bands narrowing, the upper band is at 1850 and the lower band at 1800, making it clear that the risk is greater than the reward in this range. When the risk outweighs the reward in trading, we naturally choose to wait and observe.

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, consider 1760 to 1780, with a defense at 1740 and a stop-loss of 30 points. The target is 1800 to 1840, with a breakout target of 1870.

For a southern entry point, consider 1830 to 1850, with a defense at 1870 and a stop-loss of 30 points. The target is 1800 to 1790, with a breakout target of 1760.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be a delay in article publication, so the suggestions are for reference only, and risks are to be 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 to be 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 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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