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I am a warrior who has always been protecting the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Cryptocurrency Circle Academician: Ethereum (ETH) Latest Market Analysis Reference for April 17, 2024

The train of thought for Ethereum's market yesterday, I believe everyone knows it. I have made it very clear, providing the current price position in the circle of friends twice in a row. This kind of obvious market trend has appeared too many times, so I remind everyone to strategically position themselves in the 3000 to 3050 range. The upper space can be freely taken, and as of the time of writing, Ethereum is still holding a long position. Only those who can endure loneliness can hold onto prosperity. Continuously positioning near this level for two days in a row is very simple, as the main force has continuously stood at the 3000 integer mark. If not now, then when to position oneself? Set stop-loss at the 2950 to 2980 range.

It is now 2:20 in the morning, and as of the time of writing, Ethereum's current price is near 3050. The daily K-line for April 16 has not yet closed, and the lowest point has already touched the lower EMA trend indicator support. The upper side is also near the EMA90 resistance level. This kind of market with frequent ups and downs has appeared many times. The trend of KDJ opening downwards has shown signs of convergence (the trend of convergence in the horizontal convergence trend has changed). After the MACD volume shrinks, the DFI and DEA have been shrinking within the volume indicator, which is worth paying attention to. Historically, every time this situation occurs, a reversal will occur. The Bollinger Bands still show an opening trend, and the daily K-line is testing the lower track back and forth. Prepare for long positions with stop-loss at the 3000 mark, and even if the stop-loss is triggered, it's okay.

The four-hour K-line has been below the EMA trend indicator for the entire day, with the resistance level reaching 3090. Breaking through the upper space will enlarge the potential gains, so holding on is feasible. KDJ is clearly converging, and the MACD is showing increased volume, with DIF and DEA spreading upwards from the lower position. In the short term, unless the overall market stretches and breaks through 3530, there is no need to look that far ahead. The standard short-term pressure point is 3100, and the upper pressure level is 3260. A downward convergence is a good indicator. The strategy remains to adopt a low-long approach for now, and shorting is not recommended.

Specific reference suggestions are as follows:

• Long entry points: 3000 to 3050 range, with targets at 3150 to 3250 range, and stop-loss at 2950 to 2980 range.
• The risks of shorting outweigh the rewards, so shorting strategies are not provided for the time being. For those who are aggressive and want to short, it is recommended to consult a professional. (Pay attention to the 3000 mark, which is currently in a densely populated area just above this position. Remember to set a good stop-loss to avoid being washed out.)
• Real-time market data should be the main basis for specific operations. More information can be obtained by consulting the author. The article is published with a delay and is recommended for reference only. Trade at your own risk.

This article is exclusively provided by the Cryptocurrency Circle Academician and represents the Academician's exclusive viewpoint. It involves in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of article publication, the above viewpoints and suggestions lack real-time relevance and are for reference only. Trade at your own risk. Please indicate the source when reposting, and manage your positions reasonably. Do not overexpose or go all in. The Academician also hopes that all investors understand that the market is always right. If you make a mistake, you should reflect on your own issues and not let the potential profits 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 be patient. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are both in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Circle Academician wishes you a pleasant investment experience!

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