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 hard together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for September 13, 2024

It is now 3:15 am Beijing time. The current price of Ethereum is 2360. It has been a long time since the last time I confidently said that Ethereum had passed 3150 and directly stretched to 3950. This time, I dare not say it, because the last time the sideways trend lasted from April 19 to May 19, and this time the consolidation has been ongoing since August 5. It's hard to say whether there will be a one-sided consolidation like last time, and it's hard to say. The only option is to repeatedly try long positions. Starting from the first long position at over 2400, then the long position at over 2330, and then the long position at 2220 on the 7th, all had this idea. Currently, it is definitely holding at 2220.

Looking at the current Ethereum market, the time for the bulls to completely open is uncertain. The daily K-line has not effectively reached the EMA15 trend line pressure level of 2405, let alone the EMA30 resistance level of 2515. From the daily K-line indicators, the bulls have a certain advantage, and the retracement support is still around 2300.

On the four-hour short-term trend level, it has entered an upward channel. It has been moving back and forth around 2340, which is the convergence point of the EMA30 and 15 trend lines. The upward trend has failed to break through the EMA90 twice, with the highest reaching only 2400. Now the overall trend is starting to contract, both the MACD and KDJ are contracting, and the Bollinger Bands are also contracting. The strategy is mainly focused on retracement support, with resistance as a secondary consideration.

Short-term strategy reference: Safety first. Remember that there is no certainty in the market, so always set a stop-loss. Safety first, small losses and big gains are the goal.

Buy at 2280 to 2300, defend at 2230 to 2200, and add to the position. Target is 2400 to 2450. If broken, look at 2500 to 2550. Stop loss is 50 points.

Sell at 2480 to 2450, defend at 2500 to 2520, and add to the position. Target is 2400 to 2350. If broken, look at 2300 to 2280. Stop loss is 50 points.

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 viewpoints and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are not real-time due to the timing of the article's release and are for reference only. Trade at your own risk. Reprinting should indicate the source. Reasonably control your positions and avoid heavy or full positions. The academician also hopes that 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 wait. It's 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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