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 a chance. 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 together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for September 2, 2024

Do you still remember what I said yesterday about Ethereum likely to dip near 2400 and then rebound to above 2600? Although the current price of Ethereum is around 2480 at the time of writing, it has not even broken through 2500. Let's wait and see. Looking at the market, as of midnight Beijing time before the article was published, the daily K-line of Ethereum is still below the EMA trend indicator, with the EMA15 fast line pressure at 2588. The MACD is showing a strong downward trend, with DIF and DEA shrinking at a low level, and the Bollinger Bands are in a sideways pattern. The K-line is testing the support of the lower Bollinger Band at 2435. It is crucial whether the three-legged trend can form. The KDJ is still showing a downward trend, and with the US market closed today, the cryptocurrency market is likely to be very flat with no fluctuations.

The four-hour K-line has formed a hammer pattern, and it is worth paying attention to whether the next K-line can break through 2500, as 2500 coincides with the EMA15 pressure point on the four-hour trend indicator. The MACD divergence at the bottom has lasted for a long time, and the DIF and DEA have been oscillating between the bulls and bears at a low level, indicating a struggle for control in the market. The Bollinger Bands are forming a box pattern, and the breakthrough of the midline pressure at 2510 will break the box pattern. It is advisable to be prepared for both scenarios.

Short-term strategy reference: Since the market is not guaranteed, always set a stop-loss, with safety as the top priority. Small losses and big gains should be the goal.

Short: Sell in batches between 2600 and 2650, with a stop-loss at 2700, and a target of 2530 to 2480. If broken, look at 2450.

Long: Buy in the range of 2400 to 2420, with a defensive position at 2350 to 2370 for additional buying, stop-loss at 2330, and a target of 2500 to 2600. If broken, look at 2650.

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 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 regarding BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Trade at your own risk. Please indicate the source when reposting. 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 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 wait. It's never 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 passion. 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!

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。