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Coin Circle Academician: Ethereum (ETH) Latest Market Analysis Reference for September 25, 2024

The current price of Ethereum is still consolidating around 2630. Looking back at yesterday's market, there were long positions trying out at the support point of 2620, with a stop loss at 2600 for a small loss. The next trial point is around 2550, and no positions will be opened until the key point is reached. We will wait for the market to develop before deciding whether to enter. The current market trend is as follows:

First, let's look at the daily K-line to determine the trend of the larger timeframe. The daily K-line has been consolidating around the EMA60 exchange point of 2635 for three consecutive days, indicating that the bullish momentum is insufficient and needs to be replenished. It remains to be seen whether the energy can be replenished after the high-level consolidation. The MACD shows a two-level differentiation, continuing the phase of increasing volume. The upper resistance level is still at the 2700 mark, indicating strong resistance at this level. The KDJ is showing a high-level contraction and a divergence from the K-line, indicating a risk of a pullback in the short term. It is recommended to wait for a key support level before entering the market.

On the four-hour timeframe, we can see that the K-line is starting to pull back to the EMA15 trend support point of 2630. The next support point to watch is 2590, and considering trying long positions with defense at 2530. The MACD shows a top deviation trend with decreasing volume, and the DIF and DEA are opening downward at a high level. The Bollinger Bands are in a sideways trend, with the K-line pulling back to the middle rail support point of 2630. The KDJ is showing a downward divergence, indicating that the overall trend may still be in a sideways pattern in the short term. It may be worth trying some ultra-short positions while waiting for the opportunity to enter the trend.

Sideways trend strategy: (Intraday trading within the range, exit with a small loss, stay out of the market overnight)

Short at 2670, target 2630, stop loss of 20 points

Long at 2610, target 2660, stop loss of 20 points

Short-term strategy reference: Remember that the market is not always predictable, so always use stop-loss orders for safety. Small losses and big gains should be the goal.

Long at 2530 to 2550, stop loss of 40 points, target 2600 to 2650, and if broken, target 2700 to 2750

Short at 2700 to 2730, defend at 2770 and add to the short position, stop loss of 40 points, target 2650 to 2600, and if broken, target 2565

Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay, so it is recommended for reference only. All risks are assumed by the reader.

This article is exclusively provided by the Coin Circle 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 article publication, the above viewpoints and suggestions are not real-time and are for reference only. All risks are assumed by the reader. Reprinting should indicate the source. Please manage 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 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's never too late to act after the trend becomes 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 using stop-loss and take-profit orders for every trade. The Coin Circle Academician wishes you a pleasant investment experience!

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