Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment path, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.

As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people will take fewer detours and make fewer mistakes in this market. Although I advise earnestly, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis and Reference Suggestions for December 2024

Yesterday afternoon, Ethereum and Bitcoin synchronized their positions. When the market broke through 3600, we positioned ourselves for shorting. We planned to add to our position at 3650 but missed it, and finally took profit at 3500, almost synchronizing with Bitcoin in terms of position and profit. For specific details, you can follow my comparison with the overall market.

Let's look at today's market situation. As of the time of writing, Ethereum is trading around 3520. The bullish trend is still strong, as the candlestick opened above the EMA trend indicator. The support level below is at 3490, and the three major trend indicators are converging. After a retracement to the convergence point, it is very likely to start another stretching and filling upward trend.

Currently, the KDJ is converging downward, and the MACD's volume divergence has ended. The DIF and DEA have crossed above the zero axis, which means that as long as the market does not fall below the support around 3450, this bullish trend will continue. The Bollinger Band is flat, with the K-line standing near the middle rail at 3485, and the upper support is at 3700. The short-term strategy is mainly long with a focus on low positions.

The four-hour ultra-short-term trend shows that the EMA indicator is converging, and the range is currently within the EMA indicator. The upper resistance points are at 3530, and the lower support point is at 3480. The long and short positions are contracting, and the range is decreasing. The upper rail of the Bollinger Band is trending down to 3675, with the middle rail pressure at 3550 and the lower rail support at 3430. The MACD is shrinking in volume, and the DIF and DEA are spreading downward from a high position. The KDJ is diverging downward. Based on the comprehensive indicators, the downward space has not been fully traversed yet. The specific strategy can be mainly focused on low long positions, with high short positions as a supplement. The strategy is as follows:

Today's reference:

Long entry points: around 3460 for the first entry, around 3430 for the second entry, and the stop-loss point for long positions is around 3400.

Short entry points: around 3630 for the first entry, around 3730 for the second entry, and the stop-loss point for short positions is around 3750.

(The 3530-3480 range in the ultra-short term can be used for scalping. Remember to take profits.) (Both long and short positions have ranges, and you can pay attention to the market for early or delayed positioning. Set reasonable stop-loss points and take profits freely.) Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay, and the suggestions are for reference only. Trade at your own risk.

This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Trade at your own risk. Reprinting requires attribution. Please control your positions reasonably and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and wait. It is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are both incidental. Develop the habit of strictly setting stop-loss and take-profit points for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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