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 as of September 26, 2024

The current price of Ethereum is 2620. As of 2:45 PM Beijing time before the publication deadline, let's review. Yesterday, I reminded everyone that they could engage in range trading. As for the key points to watch, those who follow the academician should know that short positions should be taken in the 2470 to 2440 range, with a target space of 2600. Although the space for range trading is small, the short-term support has already reached the key point of 2550, which is the best entry point in the past few days. Those who entered today can continue to hold, and those who haven't entered can wait for the next opportunity.

Currently, the market trend belongs to the rebound. Yesterday's daily K-line plunged from 2675 to 2550. After the opening of today's daily K-line, it has been continuously stretching upwards, breaking the 2600 mark and starting to challenge the EMA60 trend pressure level of 2635. Once it breaks through, the pressure will turn into support again. The bottom deviation of the MACD has ended, and the divergence between DIF and DEA has started to shrink around the 0 axis. At this time, pay attention to the key points to prevent sudden changes in the market. The upper pressure level to watch on the Bollinger Bands is 2705. The KDJ value at 80 indicates strong resistance to further downward movement below 2550. A reminder, no matter how strong the support is, always have a stop loss. The essence of trading is survival.

The rebound in the short-term trend on the four-hour chart is more obvious. After testing the bottom at 2550, three consecutive positive candles appeared, and the MACD showed decreasing volume with a divergence at the top. The four-hour K-line has tested the lower support of the Bollinger Bands three times, indicating effective support. It is difficult to maintain the attack of the K-line at the pressure level of 2633. The KDJ golden cross is forming, indicating an overall bullish trend. Therefore, those who entered the 2560 to 2550 range can continue to hold, with a target to see the previous high of 2700, and then consider whether to take profit.

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

Long positions: Buy between 2550 and 2570, with a target of 2650 to 2700. If the position is broken, look at 2750 to 2800, with a stop loss of 50 points.

Short positions: If the previous high is not broken, consider shorting between 2700 and 2680, with a stop loss slightly higher than the previous high, and a target of 2630 to 2600.

Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay, so it 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 not real-time due to the timing of the article's release and are for reference only. Trade at your own risk. Please indicate the source when reposting. Control your positions reasonably 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. 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 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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