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!

Real-time data shows that from the beginning of the month until today, there has been continuous buying of ETH from unknown wallets in the entire block center. The volume is not large, but the accumulated amount is indeed very alarming. It cannot be ruled out that some capital may be using the method of "penny wise, pound foolish" to make purchases. Therefore, there is a high probability that there will be a wave of liquidation in the middle of the month. This requires everyone's attention. The academician is more inclined to liquidate short positions and then stretch the market in the opposite direction. Regardless of the situation, do what needs to be done within your own understanding and make profits accordingly.

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for September 12, 2024

It is currently 4 a.m. Beijing time. The current price of Ethereum is 2340, with the daily K-line reaching a high of 2390 and a low of 2280. The daily K-line is retracing down to the neckline. Currently, it has returned to the upper EMA15 trend line at 2415 within the box. If the daily K-line holds above 2330, the MACD will start to increase in volume, and the golden cross below the DIF and DEA0 axis will take shape. At this time, whether it is long or short, the main force is likely to make another push towards the previous high. Whether it can break the previous high depends on real-time data from the market. The resistance point within the Bollinger Bands is at 2480, and the KDJ is facing strong resistance, which is in the range of 2400 to 2380. If it does not break, it's fine, but if it does, the strong resistance will turn into strong support.

The short-term trend within the four-hour timeframe is still consolidating within the box. It has been fluctuating around the EMA30 and 15, which is the range of 2300 to 2380, as mentioned earlier. Unexpected sharp movements require setting stop-loss orders. Trading should not be based on guessing the market direction, but rather on implementing proper risk control. Currently, the short-term trend of the EMA is starting to contract, the Bollinger Bands are also turning upwards, and the KDJ is about to form a golden cross as it moves up. In the short term, the bulls can still hold their positions, with shorts as a supplement, along with stop-loss orders.

Short-term strategy reference: Safety first. Remember that there is no certainty in the market, so setting stop-loss orders is crucial. Safety first, small losses, and big gains are the goals.

Support levels: Long positions can be added between 2280 and 2300, with defense at 2230 to 2200. The target is between 2400 and 2450, with a break above looking at 2500 to 2550, and a stop-loss of 50 points.

Resistance levels: Short positions can be added between 2480 and 2450, with defense at 2500 to 2520. The target is between 2400 and 2350, with a break below looking at 2300 to 2280, and a stop-loss of 50 points.

Specific operations should be based on real-time market data. For more information, please consult the author. The article is subject to delays in publication 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 analysis 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. All risks are at your own discretion. When reposting, please indicate the source. 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 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 happen inadvertently. Develop the habit of strictly setting stop-loss and take-profit orders for each trade. The cryptocurrency academician wishes you a pleasant investment experience!

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