Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment road, 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 when 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 everyone will take fewer detours and make fewer mistakes in this market. Although I advise earnestly, the road to 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: 2024.13 Ethereum (ETH) Latest Market Analysis and Reference Suggestions

Ethereum has been waiting for a day, thinking that there would be a surge to lay out a high position, just like Bitcoin, but it didn't happen. Finally, I went long in the 3450 and 3430 range, with a stop loss at 3400 (3400 is the turning point for long and short trends, and if it falls below, it's a big short). So after it fell below 3400, I stopped out of the long position, went short with the trend, and took profit at 3300, exchanging 100 points for a loss of 50 points. This is also why I emphasize the importance of always using stop-loss, because when the trend changes, we won't miss the opportunity to remedy the situation and can get on board at any time.

Looking at today's Ethereum market, as of the time of writing, Ethereum is trading near 3330, which means that the short position just took profit at 1:30 in the morning. However, the current market clearly shows a trend of decreasing volume and downward trend without increased funding. The current standing point of the daily K-line is above the trend indicator EMA3311, and the next support point below is at 3140, which is the EMA90 trend indicator. After KDJ formed a downward alternation yesterday, it was mentioned that as long as the K-line stretches and breaks through 3550, there will be a rebound. So, based on the current trend, if the K-line falls below 3400, the short trend is coming. MACD shows that after falling below 3400, the volume ended directly and decreased, and this sudden change formed a downward alternation of DIF and DEA. Such a market situation has occurred almost at the turning points on April 2nd and March 19th, and the turning point is almost always around 3400 (the turning point is mainly short, not long for the time being).

After the four-hour K-line fell below the EMA trend indicator, a true vacuum gap appeared below, especially in the 3300 to 3150 range. If 3150 cannot be held, then the lowest support of 3050 on March 20th (commonly known as the bull-bear turning point) should be closely watched. As shown in the chart, the K-line has already fallen below the lower support of the Bollinger Band at 3400, and after MACD decreased, DIF fell into the 0 axis, and KDJ trended downward with an open mouth, almost all indicators have entered a short trend. In such a situation, only following the trend is advantageous.

The specific operational train of thought is as follows: follow the short trend, with the first target at 3230 and the second target at 3150, with a short position stop loss at 3350. For long positions, the first entry point should focus on 3150, and the second entry point should focus on 3050, with a long position stop loss at 3000 (lower than the lowest point on March 20th to prevent being swept).

Real-time market data should be the main reference for specific operations. For more information, please consult the author. The article is published with a delay, and it is recommended for reference only at your own risk.

This article is exclusively provided by the Coin Circle Academician and represents the exclusive views of the academician. Due to the timing of the article's release, the above views and suggestions do not have real-time relevance, and are for reference only. Reprinting should indicate the source. Please control your positions reasonably and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you make a mistake, you should summarize your own problems and not let the expected profits 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's not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the strict habit of using stop-loss and take-profit for each trade. The Coin Circle Academician wishes you a pleasant investment!

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