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 hard together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for July 24, 2024

Ethereum dropped near 3530 yesterday and made a short position, securing a 100-point space at 3430. How should we arrange today? Due to news reasons, Ethereum's fluctuation has exceeded 100 points. Looking at the daily K-line, as of 4 am before the article was published, the highest point was near 3540, and the lowest was near 3390. The daily K-line just retraced to the EMA15 trend line support, which has been stable near 3500. According to this trend, Ethereum is likely to consolidate around 3500 for a long time. KDJ is diverging downward, and the K-line is diverging. The distance between the upper and lower bands of the Bollinger Bands has widened. The upper band has reached 3665, and the middle band has reached 3255. As expected, the probability of the daily K-line retracing to the support near 3300 in the consolidation zone has increased. The MACD has ended the divergence, but the consolidation is still ongoing, and the DIF and DEA are contracting.

The four-hour K-line has shown a rebound, breaking through the support and retracing. The overall trend is still bullish. KDJ is diverging upward, and the four-hour candle pierced the upper resistance of the Bollinger Bands at 3540 and broke the lower support at 3435. The MACD is decreasing in volume, but the DIF and DEA have formed a top divergence. It is expected that there will be another stretch before retracement. Therefore, the strategy can be more flexible, shorting at high points and longing at low points, with safety as the top priority.

Short-term strategy reference:

Short at 3530 to 3550 range, stop loss at 30 points, target 3450 to 3400, and consider 3350 if broken.

Short at 3620 to 3640 range, stop loss at 30 points, target 3530 to 3500, and consider 3450 if broken.

Long at 3330 to 3300 range, defend at 3250 to 3230 range, add long positions, stop loss at 30 points, target around 3400, and consider 3450 to 3500 as the second target.

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 for reference only. Please bear the risks responsibly.

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, etc., are not real-time due to the article's publication time and are for reference only. Please bear the risks responsibly. Reprinting requires attribution. Reasonably control your positions 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 your own problems 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. It is not too late to act after waiting for the trend to become 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 for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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