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 from the cryptocurrency experts 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.

The secret to trading is patience. It is purposeful. When trading trends, wait for the pullback. When trading oscillations, wait for the high and low points. When seizing rebounds, wait for the volume surge. When trading breakouts, wait for the pullback. When probing the bottom, wait for the reversal, right?

I am a warrior protecting the "leeks" in the cryptocurrency market. I wish my fans to achieve financial freedom in 2024. Let's work together!

Ethereum (ETH) Latest Market Analysis as of June 27

The market may not be favorable, but that doesn't mean we lack patience. The long position at 3300 is still being held, and the target remains at 3450. Take a look at the current market situation. As of the early morning before the article was published, Ethereum is trading near 3385. The overall trend shows a pullback to the major trend support level at 0.618, which is at 3350. It is still difficult to break through this level. There are many voices in the early bottom-fishing market singing bearish, causing many people to chase after this bearish trend. I often say not to chase after a tense and rapid market decline. Some people are able to heed this advice to some extent. In this market, any bit of help is appreciated, after all, human resources are sometimes limited.

The daily K-line is currently near the EMA90 trend indicator. Pay attention to the 3400 level. The overall market is consolidating near 3400, so there is definitely room for fluctuation. Upward, pay attention to the EMA60 trend resistance at 3470. Downward, pay attention to the EMA120 trend support at 3305. The KDJ convergence upward trend remains unchanged. Short-term resistance does not affect the trend rebound. The MACD volume is shrinking, and the DIF and DEA are about to break the energy column at a low level. The Bollinger Bands show signs of a downward channel contraction, indicating an overall trend change. The lower support has already reached 3330, and the mid-range pressure is only at 3530. Therefore, the defensive point can be identified.

The four-hour K-line shows that the upper EMA pressure is near 3520. Therefore, there is still over a hundred points of short-term retracement space. Although the KDJ has formed a bearish cross and a widening trend, there is strong resistance. The Bollinger Bands are contracting. After the four-hour K-line fell below the mid-range and returned to it, pay attention to the upper pressure at 3480 and the lower support defense at 3285. The MACD volume continues to increase at the bottom, showing a strong divergence between the short and long positions. The DIF and DEA are spreading upward at a low level, so the short-term bullish trend remains unchanged.

Short-term strategy reference:

For long positions, the entry point is in the range of 3330 to 3350, with a defensive range of 3270 to 3280 for adding long positions. Set a stop loss at 3240 and target the range of 3430 to 3450. If the position is broken, look at the range of 3500 to 3520.

For short positions, pay attention to the entry point in the range of 3520 to 3530, with a defensive range of 3580 to 3600 for adding short positions. Set a stop loss at 3640. The first exit target is around 3450, and the second exit target is in the range of 3350 to 3360.

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 provided by the cryptocurrency expert and represents the expert's exclusive viewpoint. The viewpoints and suggestions regarding BTC, ETH, DOGE, DOT, FIL, EOS, and others 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. Trade at your own risk. When reposting, please indicate the source. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the potential profit 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 not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses happen inadvertently. Develop the habit of strictly setting stop-loss and take-profit for each trade. The cryptocurrency expert wishes you a pleasant investment experience!

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