Crypto Circle Academician: Ethereum breaks through key resistance at 5.9, surging towards new highs! Latest market analysis reference.

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2 hours ago

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Crypto Circle Scholar: May 9, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 2065. It is now 3:30 AM Beijing time. The prolonged period of being in a "boiling frog" situation has ended. The anticipated bottom-fishing did not happen, and we have now entered a period of price recovery, directly pushing back above the 2000 mark. To put it bluntly, if the recovery mode is activated, there is a high probability it will surge to 2800. Spot traders are in luck, while those doing ultra-short contracts don't need to look too far; quick entries and exits with better liquidity are advisable.

The daily K-line shows a low of 1810 and a high of 2075, breaking the EMA90 trend resistance at 2060. The next major trend resistance to watch is the EMA120 level, which is around the 2200 mark. Currently, the K-line is blocked at EMA90, so pay attention to whether it can stabilize completely. The MACD shows a significant increase in volume, and once the K-line stabilizes within the Bollinger Bands, it has broken through the upper Bollinger Band at 1985. From an overall structural perspective, the bullish trend has not yet ended.

The four-hour K-line has shown consecutive bullish candles. The EMA trend indicators are all showing a bullish trend. The EMA15 fast line support has risen to 1900 and continues to stretch upwards, expected to form a new support point around 1950. The MACD has shown five consecutive increases in volume, and after the Bollinger Bands opened, the K-line directly stood on the upper band support, expanding upwards. The mid-line market has reached an extreme overbought condition, and there is still significant space at the higher levels. For the short-term, pay attention to the dense area above 2130. Traders looking to short can consider testing positions after reaching this area, while temporarily focusing on support for long positions during pullbacks.

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

Potential entry point: Confirm buy after breaking 2075, with a stop-loss set at 1980. If it breaks below this, the trend will reverse.

Potential exit point: 2132, where there is key resistance and selling pressure. Set a stop-loss at 2200; if it breaks above this, an unobstructed mode will be activated.

Northern test entry point: 2020 to 2000, with a defense at 1980, stop-loss of 30 points, and a target of 2050 to 2100. If it breaks, look at 2130.

Southern test entry point: 2130 to 2160, with a defense at 2190, stop-loss of 30 points, and a target of 2090 to 2060. If it breaks, look at 2000.

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 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 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-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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