As a senior figure in the cryptocurrency 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 have been earnestly advising, the path of investment still needs to be explored by oneself. Learning is endless, and 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 path, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it for a walk.

The secret of trading is patience. It is purposeful. Waiting for it to defeat 99% of people. When trading trends, wait for the pullback. When trading oscillations, wait for the high and low points. When seizing rebounds, wait for the volume to increase. When making breakthroughs, wait for the pullback. Bottom-fishing is waiting for a reversal, isn't it?

I am a cryptocurrency academician who has always been a warrior protecting the "leeks" (novice investors in the cryptocurrency market). I wish my fans to achieve financial freedom in 2024. Let's go together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for June 19, 2024

The bearish trend continues. How long will the bearish trend of Ethereum last in the future? This is the most common question encountered in recent days. First of all, we need to understand that the end of technology is probability, the end of probability is risk control, the end of risk control is survival, the end of survival is the system, the end of the system is execution, the end of execution is human nature, the end of human nature is trading, the end of trading is self-cultivation, and the end of self-cultivation is just one word: patience.

Let's look at the market. As of 3 am before the article was published, Ethereum is trading near the 3400 mark, with the daily K-line reaching a high near 3520 and a low near 3350. The EMA90 trend indicator support level at 3380 has been breached, and the next level to watch is the support at 3280 at the EMA120 position. Also, take a look at the 0.618 support level at 3350. If it doesn't break below 3350, watch for resistance near 3530 on the rebound. The KDJ has formed a death cross, the Bollinger Bands are diverging downward, and the daily K-line has broken below the 3390 support of the lower Bollinger Band. The MACD's decreasing volume and increasing funds indicate that the divergence between DIF and DEA has not ended, indicating that the trend has not ended. In addition, with the divergence stage, the probability of a market consolidation increases. From a strategic perspective, it can be judged as a downward oscillation.

The four-hour K-line double-pin probing the bottom is a reversal signal? Or is it a signal to lure in more buyers? This is not something we should consider for the time being. When trading, what we should do is grasp the overall trend, wait for opportunities, wait for signals, and wait for the best entry points. After the four-hour EMA trend indicator has expanded downward, the EMA15 has already fallen below 3485, the KDJ is being restrained, the Bollinger Bands are diverging downward, and the MACD is also decreasing in volume. The overall trend shows a clear sideways movement. It is expected that the main force will consolidate around 3400 for a period of time before determining the direction. Therefore, our overall strategy is still to wait for a pullback before starting to lay out positions.

Short-term strategy reference:

For short positions, consider entering the 3500 to 3520 range, with a stop-loss at 3600 to 3620 for adding to the short position, and a stop loss of 30 points. The exit target is 3440 to 3400, with a second exit point at 3350 to 3300.

For long positions, consider entering the 3270 to 3300 range, with a stop loss of 30 points, and an exit point at 3350 to 3450 for free fall.

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. Please bear the risks responsibly.

This article is exclusively provided by the cryptocurrency academician and represents the academician's exclusive viewpoint. It involves in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and other cryptocurrencies. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Please bear the risks responsibly. 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 potential 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 details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The cryptocurrency academician wishes you a pleasant investment!

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