The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading mindset, continuously optimize and improve it. The advice of the cryptocurrency academician may not make you rich overnight, but it can ensure that you always have support. Only those who survive in the cryptocurrency market in the long term and persist until the end can achieve the results they desire. I hope you can understand.

I am a warrior who has always been protecting retail investors in the cryptocurrency market. I wish my fans to achieve financial freedom in 2024. Let's work hard together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for July 27, 2024

As of the deadline for this article, the highest point of the daily K-line for Ethereum is near 3275, and the lowest point is near 3170. The back and forth liquidation is a consistent routine. The trend has changed from bullish to bearish in one day, and now it has returned to the point of trend change between bullish and bearish. The resistance level is near 3300, and the EMA trend indicator is also under pressure at this level. The MACD volume has decreased after the surge, and the DIF and DEA have formed a dead cross near the 0 axis. The KDJ is diving downwards. The daily K-line has fallen below the midline of 3290 and is now pulling back to near the midline. Don't overthink the conventional wisdom. In the premise of a bearish trend, the pullback of the bulls after reaching the resistance level is just a lure for the bulls. Therefore, after reaching the resistance level, you can boldly try short positions. If wrong, exit with a small loss. If right, there is at least a 200-point space for profit. Aim for small losses and big gains.

In the short-term cycle, the four-hour upward expansion is blocked near 3270. The MACD and Bollinger Bands have shown divergence. The volume of the 2-hour K-line has decreased, indicating insufficient bullish momentum. The half-hour K-line is consolidating above 3250. The mindset should not be too complicated. The simplest way is the best. Short positions with stop-loss at the resistance level, and aggressive traders can go long.

The strategy is as follows:

Short at 3270 and 3300, defend at 3350, stop-loss at 3380, target the range of 3200 to 3100, and exit if it breaks below 3050.

Long at the range of 3030 to 3050, stop-loss at 3000, target the range of 3130 to 3160, and exit if it breaks above 3230.

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 is recommended for reference only. Trade at your own risk.

This article is exclusively provided by the Cryptocurrency Academician and represents the academician's exclusive viewpoint. The viewpoints and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of article publication, the above viewpoints and suggestions are not real-time and are for reference only. Trade at your own risk. Reprinting should indicate the source. 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's not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The universe rewards hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses happen inadvertently. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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