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 support. Only those who survive in the cryptocurrency market in 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 retail investors in the cryptocurrency market. 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 7, 2024

It is now 4 a.m. Beijing time, just after the U.S. market closed. The latest price of Ethereum is 2230. Yes, our long position at 2330 was closed with a small loss. As the saying goes, if the support is broken, do not hold the position. Stop loss when necessary and wait for the next entry opportunity. Currently, the highest and lowest points on the daily candlestick chart are 2410 and 2200, respectively. The key support has been broken, and the next low is around 2100. It is highly likely that 2200 will not hold. The market sentiment is too bearish, and with the bottom deviation and shrinking volume on the daily candlestick, the next long position can be established above the effective support at 2100.

Currently, the downward trend indicator of the daily candlestick EMA has also appeared, and the Bollinger Bands are opening downward with the lower support at 2270 not holding. The KDJ golden cross has turned downward and spread into oversold territory. It is currently extremely oversold, and the recent liquidation by the main force is too obvious. The non-agricultural data is positive for the cryptocurrency market, but the market is still diving.

The fast line on the four-hour chart has been continuously bearish, and the EMA30 has not shown an effective breakthrough but has continued to decline. Breaking below the support at 2300 has now turned into strong pressure. Do not chase after the rapid decline in the market. Wait for the market to stop falling and for effective indicators to appear before entering the market. The one-hour chart still shows a shrinking and spreading volume, with the candlestick revolving around the lower Bollinger Band and entering a rapid downward channel. If it does not break below 2250, it will further explore the bottom. It is currently recommended to stay on the sidelines in the market. Aggressive traders can short, while conservative ones should wait for opportunities to go long.

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

Support for long positions: 2150 to 2180. Replenish long positions at 2080 to 2100. Target: 2300 to 2400. If the position is broken, look at 2500. Stop loss at 2050. More practical content will be updated on my social media for everyone to follow real-time strategies.

Please rely on real-time market data for specific operations. For more information, please contact the author. The article is published with a delay and is recommended for reference only. All risks are at your own discretion.

This article is exclusively provided by the cryptocurrency academician and represents the academician's exclusive viewpoint. The analysis and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Reprinting requires proper attribution. Control your positions reasonably and do not overexpose or fully expose yourself. 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 profits 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 is 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 both unexpected. 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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