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

Strength does not need to be overly displayed; 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 own strength to others. Whether it's a donkey or a horse, you'll know once you take it out for a walk.

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 Academician: Ethereum (ETH) Latest Market Analysis as of May 8, 2024

Ethereum did not show the expected stretch to the 3220 resistance level yesterday, but was blocked at 3130. Therefore, following a prudent operational approach, a signal to enter long positions at the support level of 3030 was seen throughout the day, finally taking profit at 3130 and securing a 100-point space. However, no short positions were established near 3130, as the upward space had not been fully covered and no clear signal had appeared. Waiting for opportunities and not blindly opening positions. As of the time of writing, Ethereum once again reached the current price of 3050 at 3:30 am, but had already started to establish long positions at 3035 at 2:34 am. The target remains the first resistance level of 3110 to 3130, and if it is not broken, the pressure will be released normally. If broken, it will continue to rise to the vicinity of 3200.

Looking at the current market situation, the daily K-line has fallen below the EMA trend indicator of 120, and the KDJ has alternated downward and been pulled back upward continuously, oscillating near the 3030 support level. The MACD has also been oscillating with volume contraction and expansion, with DIF and DEA alternating five times at the low level, and the Bollinger Bands contracting. The K-line failed to break through the middle rail of 3130 and fell back. Can it retrace to the support level of 2960?

The four-hour K-line has fallen below the EMA trend indicator, with very long upper shadow lines appearing continuously. The KDJ was blocked at 3130 while moving upward, and the MACD failed to increase volume with contraction, causing the DIF to fall below the 0 axis, while the DEA is still above the 0 axis. This polarization leads to a sideways trend, and after the Bollinger Bands contract, the K-line oscillates between 3110 and 3030. The overall trend can be observed for changes around the 3000 integer support level, and operating with the trend is the most stable.

Reference for super short-term contract entry:

Long positions are set between 3020 and 3040, with the exit reference at the pressure level between 3110 and 3130. If broken, look to exit between 3175 and 3200, with a stop loss at 2990, slightly below the 3000 integer support level.

Short positions focus on the market changes between 3020 and 3000. If broken, follow the trend to go short, with the target at the market between 2965 and 2900.

In addition, the position is set near the descending trend line, that is, short positions are set between 3150 and 3175, with a stop loss at 3200, and the target can be seen near the support at 3050.

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 it is recommended for reference only. The risks are self-assumed.

This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others, due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. The risks are self-assumed. Reprinting should indicate the source. 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 are wrong, you should summarize your own problems and not let the expected profits slip 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 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 all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment!

Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comments section are not related to the author. Please discern carefully, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。