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 circle 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 go together!

Cryptocurrency Circle Academician: Ethereum (ETH) Latest Market Analysis Reference for September 19, 2024

V God has stopped manipulating the market and gone to sing, haha. Just kidding. Let's look at the market. As of 8:30 am Beijing time before the deadline, the current price of Ethereum is 2385, and the daily K-line opened at 2370, just at the EMA15 trend indicator. The next resistance level can be seen at the EMA30 resistance level of 2460. The MACD volume has increased, and the DIF and DEA are diverging upwards. The Bollinger Bands are contracting. Now it depends on whether the daily K-line can stand firm at the middle of the Bollinger Bands at 2375. After stabilizing, pay attention to the upper resistance level at 2525.

Looking at the four-hour K-line, it has started to challenge the top resistance level of the EMA120 moving average, which can be observed at the key level of 2400. The MACD bottom divergence has increased volume, starting to challenge the 0 axis. Whether the upper resistance level of 2385 in the Bollinger Bands can be broken to turn the pressure into support still needs time. The overall trend is starting to contract, and the short-term trend is inevitably bullish. So, after breaking through 2400, you can start laying out long positions after a pullback to the moving average support. Remember, do not trade against the trend.

Short-term strategy reference: Safety first. Remember, there is no 100% certainty in the market, so always set a stop-loss. Safety first. Small losses and big gains should be the goal.

Long: Buy between 2350 and 2380, defend at 2300, and add positions. Target is between 2400 and 2450. If broken, look at 2500. Stop loss at 50 points.

Short: Sell between 2500 and 2530, target is between 2450 and 2400. If broken, look at 2350 to 2300. Stop loss at 50 points.

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 Circle Academician and represents the academician's exclusive viewpoint. The analysis and suggestions for 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. Trade at your own risk. Reprinting requires attribution. Reasonably control your positions when trading, 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 be patient. It's never too late to act after waiting for the trend to become 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 happen inadvertently. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Circle Academician wishes you a pleasant investment experience!

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