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 the "leeks" 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 25, 2024

The positive news has been almost exhausted, leaving a mess behind. Ethereum has been consolidating at a high level for a long time, without effectively breaking through the resistance level or falling below the support point. As of the early hours before the deadline, the daily K-line was near the highest point of 3490 and the lowest point of 3400. It can be seen that the EMA trend indicator has basically extended upward to the vicinity of the K-line, with EMA15 already reaching the support at 3390. The KDJ continues to spread downward, indicating a clear bearish trend. Whether it can retest 3300 remains to be confirmed. Before that, friends who are doing short-term trading near 3400 must set a good stop loss. The Bollinger Bands are expanding, the MACD volume is decreasing, and the DIF and DEA are ending their divergence.

The four-hour K-line has fallen below the EMA60 support point of 3415, with the KDJ spreading downward. The K-line has also reached the support near the lower Bollinger Band at 3405. In addition, the MACD shows a decreasing volume at the top and a divergence, indicating a possible genuine bearish trend. The overall trend appears weak, but it does not mean that the market will not return to around 3500. Therefore, you can continue to do short-term trading until the range is broken. Once it is broken, exit the market and wait for the next opportunity.

Short-term trading strategy reference:

• Short at the range of 3530 to 3550, with a stop loss of 30 points. The target is to see 3450 to 3400. If the range is broken, look at around 3350.
• Short at the range of 3620 to 3640, with a stop loss of 30 points. The target is to see 3530 to 3500. If the range is broken, look at around 3450.
• Long at the range of 3400 to 3420, with a target of 3480 to 3500. Stop loss at 3380.
• Pay attention to the range of 3330 to 3300 for long positions. Replenish long positions in the range of 3250 to 3230. Stop loss of 30 points. The exit target is around 3400, with the second target around 3450 to 3500.

Please refer to real-time market data for specific operations. 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 viewpoints and suggestions regarding BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of article publication, 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. Reasonably control your position 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 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 is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The heavens reward hard work, the 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 experience!

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