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 strategy, 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 July 2, 2024

As of the time of writing, Ethereum is trading near 3470, with the daily K-line reaching a high of around 3435. Reviewing yesterday's Ethereum strategy, the short position at 3520 has been entered, and a position was built at 3450 and half of it was closed. The remaining target is 3400, and it is currently being held. Everyone can pay attention to this. The daily K-line is currently breaking through the EMA trend indicator's high point of 3490 and then falling back, indicating strong resistance from the bulls in the short term. The MACD continues to decrease in volume, and the DIF and DEA are converging to form a golden cross trend. Be prepared to defend at 3620, and if it is reached, adjust the position and continue to hold. The KDJ is trending upwards and diverging, while the Bollinger Bands are contracting downwards. The daily K-line has broken through the Bollinger Band's midline at 3470, with the upper resistance level at 3620. Although a short-term bullish trend has emerged, the overall trend has not changed and remains bearish. Therefore, the main strategy at the moment is still to go short when encountering resistance and consider going long on a pullback to support.

The four-hour K-line has broken through the EMA trend indicator's high point of 3500 and is currently in a rebound. The bulls are expected to break the previous high, with the trend pressure point at around 3610. The MACD has started to decrease in volume, and the KDJ is forming a dead cross downwards. Only the Bollinger Bands are opening up, and with the four-hour K-line breaking through the upper resistance point of 3490 and returning to the Bollinger channel, the overall trend is short and the bulls are currently near the high resistance level. The strategy is to go short on rallies and consider going long on pullbacks to low levels. (Do not chase after rises and falls. Trade according to the situation, strictly execute your own trading system, and do not let market fluctuations affect your mindset.)

Short-term strategy reference: Currently, the short position at 3520 is still valid, so the reference strategy remains unchanged.

Layout a short position in the 3520 to 3530 range, defend at 3600 to 3620 and add to the short position, with a stop loss of 30 points. The target is to freely take profit in the range of 100 to 200 points.

Pay attention to the long position in the range of 3330 to 3300, defend at 3250 to 3230 and add to the long position, with a stop loss of 30 points. The target is to focus on the vicinity of 3400, with the second target around 3450.

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 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. Trade at your own risk. Please indicate the source when reposting, and manage your positions reasonably. Do not overexpose or fully expose your 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 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 be patient. Wait until the trend becomes clear before taking action. Tomorrow's success comes from today's choices. The universe rewards hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses happen inadvertently. Develop the habit of strictly setting stop-loss and take-profit levels for each trade. The cryptocurrency academician wishes you a pleasant investment experience!

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