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 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 20, 2024

It is now 9:45 AM Beijing time. The current price of Ethereum is 2451. The EMA30 moving average at the closing of the daily K-line yesterday was at 2464. It is crucial whether it can stand firm above EMA30 after the opening today. The next level to watch is the 2635 resistance point. The MACD daily chart shows a bottom deviation with increasing volume, and the DIF and DEA are rising and diverging at a low level. After the Bollinger Bands contracted, the K-line reached the upper rail of 2525. The KDJ is expanding upwards, indicating that the overall trend still has room to continue. The mindset can continue to be biased towards long positions.

The short-term trend on the four-hour chart is starting to contract upwards. After the EMA trend indicators converge, the EMA15 is starting to cross above EMA120. The next support level to watch is 2400. The MACD is increasing in volume, and the DIF and DEA have reached above the 0 axis. The upper resistance point of the Bollinger Bands is at 2490. The KDJ is contracting downwards, indicating that there is still room for a pullback in the overall trend. The suggested mindset is to focus on long positions with short positions as a supplement.

Short-term strategy reference: Safety first. Remember that the market is not always predictable, so always set a good stop-loss. Safety first, small losses, and big gains should be the goal.

For long positions, defend the range of 2400 to 2380, and replenish long positions at 2330. The target is 2450 to 2500, with a breakthrough looking at 2550, and a stop loss of 50 points.

For short positions, defend the range of 2550 to 2530, and replenish short positions at 2600. The target is 2450 to 2400, with a breakthrough looking at 2350 to 2300, 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 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 not real-time due to the timing of the article's release 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 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 waiting for the trend to become clear. Tomorrow's success comes from today's choices. The heavens reward hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. 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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