Crypto Circle Academician: Ethereum shorts rise again at 8.6, the downward trend continues to seize the opportunity for a turnaround! Latest market analysis and reference suggestions explained.

CN
15 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.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing your dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Crypto Circle Scholar: August 6, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3680. It is now 1 AM Beijing time. Yesterday, it was clearly stated that the pressure level around 3715 indicates the end of the V-shape. Once the pattern is clear, it can head south. If you missed it, you can only wait for the next opportunity. We are heading south at 3720. As for the details of the practical operation, they have been updated, and everyone can consult me for reference to see how I choose entry and exit points.

Before the publication, the daily K-line had a maximum of 3720 and a minimum of 3555. The EMA15 fast line support at 3586 has been broken. The next step is to see if the daily line pullback will break the previous low EMA30 line at 3409 and the Fibonacci retracement support at 0.618 at 3346. If it holds, it will form a double bottom structure with bullish indicators. Therefore, near the Fibonacci retracement line, you can try to go north. Before this, the main direction is south. The MACD volume is starting to increase, and the DIF and DEA are expanding downwards from a high position. The Bollinger Bands are continuing to contract, with the upper pressure level reaching 3900, the middle pressure level at 3665, and the lower support level at 3405. The overall trend is mainly short.

The four-hour K-line has gradually regained the upward alternating momentum of the EMA trend indicator. The fast line failed to reach the top and has started to fall back. Pay attention to the EMA120 support at 3535, which is also the convergence point of the major level division line support. The MACD has been continuously reducing its volume, and the bullish momentum is weakening. The DIF and DEA failed to break the 0 axis and have started to contract below the 0 axis. If 3535 is broken, the bears will attack the previous low below. The middle Bollinger Band support is at 3540, and the lower support is at 3350. The strategy is mainly short, with some long positions.

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

Northward trial entry point is 3430 to 3380, with a defense at 3340, stop-loss at 50 points, and a target of 3500 to 3550. If broken, look at 3600 to 3650.

Southward trial entry point is 3650 to 3700, with a defense at 3750, stop-loss at 50 points, and a target of 3600 to 3550. If broken, look at 3500 to 3450.

Specific operations should be based on real-time market data. For more information, you can consult me. There may be delays in article publication, and the suggestions are for reference only. 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 summarize where the problem lies. Do 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 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 comes 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 happen 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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