As a senior figure in the currency 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 road to investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Strength does not need to be overly displayed; the key is to gain more recognition from others. On the investment road, it is more important to do well than to prove one's own strength to others. Whether it's a donkey or a horse, you will know once you take it out for a walk.

I am a warrior who has always been protecting the "leeks" in the currency circle. I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Currency Circle Academician: Ethereum (ETH) Latest Market Analysis Reference for May 2, 2024

Recently, Ethereum has been urged to update. The previous article was updated on the 27th of last month. At that time, the train of thought was to go long near 3090, with a target of 3300. Many friends followed suit and realized a turnaround, especially after a week-long offline practical training last week, everyone gained a lot. However, there are still a few friends who have not developed the habit of using stop-loss, resulting in locked positions waiting to be resolved. In every article, the currency circle academician reminds everyone that it's okay not to take profit, but stop-loss must be used. This is a habit that must be developed when trading contracts, especially for those who want to develop in the currency circle for a long time. Otherwise, sooner or later, they will be washed out of the market.

Looking at today's market, as of the time of writing, Ethereum is trading near 2950. It can be seen that the daily K-line has broken through the downward trend after EMA120 at 3030, and the lowest point has fallen below the EMA180 indicator at 2820. Many friends have been liquidated by the main force in this wave. After the KDJ turned downward, the MACD bottom began to diverge. After the DIF and DEA golden cross broke through 3200 and then fell below 3030, the reverse dead cross was formed. The long and short exchange range is very clear, but the trend cannot be reversed in the short term. Rational operation is needed. After the Bollinger Band moved downward, the lower rail support came to around 2920, and the mid-rail support expanded to 3110. The overall trend shows a fluctuating downward trend. Therefore, the key is to focus on the turning points in the 3030 and 3000 range.

Looking at the four-hour K-line, the EMA trend indicator is under pressure at 3015, indicating that there is effective pressure above the 3000 mark. Without breaking through this point in the short term, it can be used as a short position test point. After the overall EMA trend alternates and completes, the short trend has slowed down, but has not ended. The KDJ is blocked by the pressure at the 3000 mark and is closing downward. The MACD is shrinking and rising, and the DIF and DEA are starting to close. The Bollinger Band is under pressure near the mid-rail at 3030, and the lower rail support has fallen below 2800. In terms of strategy, be prepared for both long and short positions, with a focus on short positions.

Specific entry references are as follows:

For long positions, the first entry point to focus on is 2890, and the second entry point is 2820, with a stop-loss at 2790 (if it breaks 2800, you can exit. Those who are cautious can temporarily focus on short positions). The exit points to focus on are 2950 and 3010.

For short positions, the first entry point to focus on is 2970, and the second entry point is 3020, with a stop-loss at 3050. It is recommended to stay 20 points below the 3030 pressure to avoid being swept. A more cautious choice for exit points is 2900 and 2850. 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 contributed by the currency circle 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 article publication and are for reference only. Trade at your own risk. Reprinting should indicate the source. 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 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 waiting for the trend to become clear. Tomorrow's success comes from today's choices. The rewards of heaven come from hard work, the rewards of the earth come from kindness, the rewards of people come from sincerity, the rewards of business come from trust, the rewards of industry come from precision, and the rewards of art come from the 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 currency circle academician wishes you a pleasant investment journey!

Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comment section are not related to the author. Please discern carefully, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。