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 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 circle for 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 circle. I wish my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for July 4, 2024

The momentum of Ethereum is indeed much stronger than that of Bitcoin. This time, it has been reluctant to break the EMA120 trend indicator support point. The previous low is around the EMA150 support at 3230. It is expected that the downward trend in the market can only be used as an early layout point for the front-line troops before the bottoming out, and cannot be used as the best entry point. The EMA trend is contracting, and with the MACD shrinking volume and failed increase in funds, it has started to spread downwards. After the KDJ forms a dead cross, the Bollinger Bands have started to open downwards. Although the price will return to the lower band after continuous bottoming out, it can only be used as a take-profit point after bottoming out.

Since we are currently waiting for opportunities in an empty position, we might as well be bold in our predictions. The four-hour K-line has formed a downward channel, coupled with the downward shift of the EMA trend indicator, indicating that there is still room for downward movement. Whether it's a trap or a true vacuum, it doesn't matter to us because we are in an empty position. The MACD shrinking volume and failed increase in funds are currently blocked at the 3300 level, and the KDJ is also starting to contract, indicating that the short-term support at the 3300 level is effective. After the Bollinger Bands opened, the price fell below the lower band at 3300, and the short-term support is effective, but it ultimately broke the support, so we continue to defend against further downward movement.

Short-term strategy reference:

Do not go short if the price does not break through 3370 to 3390, with a stop loss of 30 points. The exit point is in the range of 3300 to 3270.

The overall trend is bearish, so look for a long entry point further down. Do not go long if the price does not break through 3200 to 3230, and consider adding to the position in the range of 3100 to 3070. The stop loss is at 3000, and the exit target is in the range of 3300 to 3350. If the price breaks through, consider taking profit near 3400.

Please refer to real-time market data for specific operations. More information can be obtained from 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 viewpoints and suggestions for 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. Please indicate the source when reposting. 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 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 never too late to act after the trend becomes clear. 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 precision, and art rewards heart. 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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