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 circle for 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 the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's work hard together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for September 8, 2024

It is now 1:00 AM Beijing time. The current price of Ethereum is 2290. The highest and lowest points on the daily K-line are 2310 and 2220, respectively. The overall trend seems relatively optimistic since the liquidation caused by the non-farm payroll data has ended. It is uncertain whether there will be further liquidation, so the only option is to try to open a long position at 2220 and see if it can reach the pressure area of 2500.

Looking at the order book, the EMA trend indicator on the daily K-line is still spreading downward, and the EMA15 fast line has fallen below 0.786. The MACD is still in a decreasing volume phase, indicating a bearish trend. After the K-line fell below the Bollinger Band and returned to the inside of the band, it is currently standing above the lower rail of 2245. If the KDJ can hold above 2300, it can form a golden cross.

On the four-hour K-line, the EMA15 fast line has reached the pressure point of 2495, the EMA30 pressure point is at 2365, and the defensive point is at 2430. If the MACD can hold above 2300, it can form a golden cross of DIF and DEA. The KDJ has spread upward to the pressure point, which is the current position at the time of writing. The strategy is either to pull back to support for a long position or to attempt to break through the resistance level without going short.

Short-term strategy reference: Safety first. Remember that there is no certainty in the market, so always set a stop-loss. Safety first, small losses, and big gains should be the goal.

Long: Buy between 2200 and 2230, target 2300 to 2350, consider 2400 if the level is broken, with a stop-loss of 30 points.

Short: Sell between 2430 and 2450, target 2350 to 2300, consider 2250 if the level is broken, with a stop-loss of 30 points.

Specific operations should be based on real-time data from the order book. For more information, please consult the author. The article is published with a delay and is recommended for reference only. All risks are at your own discretion.

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 not real-time due to the timing of the article's release and are for reference only. All risks are at your own discretion. Reprinting should 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 reflect on your own issues 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 is 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 passion. Gains and losses are all in the details. 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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