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

Currency Circle Academician: Ethereum (ETH) Latest Market Analysis Reference for April 19, 2024

Looking back at the market situation of Ethereum yesterday, the short-term trend in the morning was to short at 3030, with a target of 2960, then switch to long and take profit at 3075. With a round trip of 185 points, it is not advisable to operate in the short-term range too many times. After posting about Bitcoin in the morning, the bearish trend of Ethereum was so strong that there was no time to update the article. Now, most people have entered the market near 2900 with a stop loss at 2850, and the target is to see the integer level of 3000. It is currently being held. Friends can pay attention to the real-time orders in the morning.

As of the time of writing, Ethereum is near 2990, and you can see the decision of the main force to wash out the positions, directly breaking through the support level of 2900 and then pulling back to near the 3000 level, washing out those with weak wills. This kind of market situation has occurred many times. You can take note of the process this time. Currently, the daily K-line will pull back to the original support point of 2990 of the EMA trend indicator. It is expected that the market will consolidate near the 3000 level. The KDJ is diverging downwards, the MACD is shrinking with obvious increase in funds, the bulls are dominant, and the DIF and DEA are showing a trend of convergence. In addition, there is support at the lower rail of the Bollinger Band at 2868 points (after the bearish washout, the bulls start to exert force, so the strategy is to continue to go long after the pullback).

Currently, the four-hour K-line has a very long lower shadow, after breaking through the EMA trend indicator, it needs to rebound. The KDJ is converging downwards, the MACD is increasing with volume, and the distance between DIF and DEA is widening (indicating that the K-line trend fluctuates greatly). After the Bollinger Band contracts, the K-line broke through the middle rail at 3044 and the support point at 2945, and is now back within the downward channel for consolidation. Overall, the trend can be seen as standing on a virtual float below, and there is still a possibility of a pullback in the short term.

Therefore, the specific recommendations for the strategy are as follows:

• Long at 2900 and 2930 in the morning, currently held, with targets at 2970 and 3000.
• Continue to go long near 2950 and 2900 on a pullback, with targets at 3000 and 3030, and the stop loss remains at 2850.
• In the short term, the bullish trend is obviously dominant, and the risk of shorting is greater than the return. It is recommended to focus on continuing to go long after the pullback.
• Specific operations should be based on real-time data from the market. For more information, please consult the author. The article is published with a delay, and the recommendations are for reference only. Please bear the risks responsibly.

This article is exclusively provided by the Currency Circle Academician and represents the exclusive views of the academician. He has conducted in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions do not have real-time relevance, and are for reference only. Please bear the risks responsibly. When reposting, please indicate the source. Please control your positions reasonably and avoid heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you make a mistake, you should summarize where your own problems lie, and do not let the profits that should have been in your hands fly away. There is no need to be smarter than the market in investment. 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 hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Currency Circle Academician wishes you a pleasant investment journey!

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