Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment path, it is more important to do well on your own than to prove your strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.

As a senior figure in the coin circle, I have always been committed to providing helpful advice to everyone, hoping that people will take fewer detours and make fewer mistakes in this market. Although I advise earnestly, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Coin Circle Academician: Ethereum (ETH) Latest Market Analysis and Reference Suggestions for 2024.11

How has the market been for Ethereum these days? We won't go into details about the day before yesterday, you can check it out in the Moments. Why did we start laying out long positions before each round last night? The reason is simple: Ethereum started to dive before the opening, directly breaking through the 3450 support level, which is a typical move by the main force to find the bottom and wash out the chives. Otherwise, I wouldn't have been so determined to go long at 3430, allowing everyone to lay out and pocket the 120-point space at 3450. Because the short position broke through the EMA trend indicator and stood at a high level, we chose the most stable position to pocket.

Let's look at today's Ethereum market. As of the time of writing, the current price of Ethereum is 3540, which is near the center axis of the weekly line. The long and short positions are uncertain, and the method of washing the plate is used. (There have been many such layouts in history. It is recommended to start laying out at a low position for a more stable approach, rather than chasing long positions.) Because the current trend of EMA has just formed, the three major indicators have already crossed over, and the upper side has already made a push above 3800 once. In the short term, it will consolidate in a range.

You can see that after the two previous daily K-line breakthroughs of the upper rail, there was a large-scale dive, falling back to the middle of the Bollinger Bands. This time, the support point is slightly higher than before, near 3470. So, what about the resistance level? It's still around 3730, similar to before. After the extension of the long position, KDJ's trend has always faced strong resistance, and with the obvious increase in volume on the MACD, the K-line has not shown a situation of making up for the rise. With the formation of a divergence in the upward direction of the DIF and DEA at the 0 axis, the possibility of the short-term peak of the long position is high, so it is not recommended to chase long positions.

The super short-term trend in the four-hour period is currently above the EMA trend indicator, and the three major long-term trends of 120, 90, and 60 are starting to cross over, forming a bullish indicator. (After a pullback, the K-line will be stretched once.) The strategy for going long at a low position is already clear. KDJ is opening upwards, MACD is shrinking with increased volume, and DIF and DEA are closing at a high level. The mid-term exchange point is near 3560. (The long and short range is expanding, and the space is getting larger.) The specific operational strategy is as follows:

Today's reference:

First entry point for going long: near 3460, second entry point: near 3400, stop loss point for going long: near 3350

First entry point for going short: near 3670, second entry point: near 3730, stop loss point for going short: near 3750

(Both long and short positions have ranges. You can pay attention to the market and adjust the layout in advance or postpone it. Set good stop losses and take profits freely.) The specific operation should be based on real-time market data. For more information, please consult the author. The article is published with a delay, and it is recommended for reference only. Trade at your own risk.

This article is exclusively provided by the Coin Circle Academician and represents the exclusive views of the academician. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc., the above views and suggestions are not timely due to the time of article publication, and are for reference only. Trade at your own risk. Reprinting requires attribution. Please control your positions reasonably and do not overexpose or fully expose your positions. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems, and do not let the profits that should have been in your hands slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards goodness, people reward sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Coin Circle Academician wishes you a pleasant investment!

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