Cryptocurrency Academy: A Night of Shock with Ethereum at 4.8! After the Plunge and Liquidation, Is It a Bottom-Fishing Opportunity or a Death Trap? Latest Market Analysis Reference

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5 hours ago

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Crypto Circle Academician: April 8, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1555. It is now 2:30 AM Beijing time. On-chain data shows that hundreds of thousands of Ethereum faced liquidation at 1550. The shorts plummeted during the day yesterday, reaching a low of 1410. We already ran away at 1600, securing 230 points. In practice, everyone saw the entry point at 1500. Many crypto friends in the comments asked why this position was chosen for bottom fishing. In fact, I mentioned before that after a sharp drop, we wait for the increase after a pullback. 1490 is the key neckline. Only after breaking 1490 would I choose to go north with the trend. However, the intensity of the pullback is not as strong as Bitcoin, so we can't look too far ahead, only around 1700. 1800 is too far for us; at least for the long-standing second place, shorting at high positions is more stable than going long.

The daily K-line currently shows a long lower shadow, with a high of 1638 and a low of 1410. The main force on-chain is liquidating both long and short positions. We are profiting from both sides. The overall trend at a larger scale is still bearish, especially with the EMA trend indicator showing a downward plunge. The MACD is shrinking downwards, and the DEA and DIF have not yet reversed the downward dead cross trend. The K-line has broken below the lower Bollinger Band at 1606 and has not returned to the Bollinger channel. The KDJ's short-term golden cross indicates a potential for a pullback, but the larger scale remains bearish. Those looking for long-term positions can wait for a pullback before continuing to short.

The four-hour K-line pulled back to the EMA15 fast line and was then pushed down. It then retraced to 1550 to gather strength, and it is expected to challenge the EMA15 again. Therefore, the focus can be on the next trend indicator resistance level at 30, which is 1715, as a southward entry point. The MACD has been continuously shrinking, and the bullish positions are starting to accumulate. The DIF and DEA are beginning to contract, and the Bollinger Band has opened, with the K-line returning to the channel. The short-term indicators are pulling back, and the mid-track resistance level at 1710 can be referenced. If it doesn't break, continue to short. The KDJ is forming a golden cross upwards, clearly indicating the existence of short-term pullback momentum. After the market enters an extreme oversold state, it has pulled back to a normal range. The strategy is to primarily short at highs; if you haven't entered yet, don't go long, wait for the next opportunity.

Short-term reference: Safety first. Remember, the market is never 100% certain, so always set stop-losses. Safety first, small losses with big gains is the goal.

Northward trial entry point: 1500 to 1450, with a defense at 1420, stop-loss at 30 points, target looking at 1550 to 1600, and if broken, looking at 1650 to 1700.

Southward trial entry point: 1700 to 1750, with a defense at 1780, stop-loss at 30 points, target looking at 1650 to 1600, and if broken, looking at 1550 to 1500.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, and the suggestions are for reference only; risks are to be borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only; risks are to be borne by the reader. Please indicate the source when reprinting. 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 are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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