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 as of September 28, 2024

Ethereum is currently hovering around the 2700 level. As mentioned yesterday, the market has not only broken through the previous high of 2700. The trend in the market today has already emerged. Now you know the reason, right? The trend is very strong, so do not go against the trend. Learn to follow the trend. There is a high probability of strong pressure turning into strong support. Therefore, if you ran at 2640 yesterday, did you miss out on a lot of potential? Our long position at 2560, if the retracement does not break below 2630, then the long position at 2560 can continue to be held. The bottom line is, do not try to guess the peak. Be prepared to take profits on retracements. Do not rush to go short, unless Ethereum breaks through the 2820 level before considering short positions.

Currently, the daily K-line is still continuing to push towards the EMA90 trend pressure point of 2750. It was pushed through once yesterday, and it is expected to consolidate and gather strength below the EMA90 today. After the MACD volume increases, the DIF and DEA end the divergence and both lines stand above the 0 axis, indicating a bullish advantage. The upper Bollinger Band pressure point is at 2760, coinciding with the EMA90 trend line. The convergence of these two major indicators forms strong pressure. For the main force to further explore upwards, it needs to continue to consolidate and gather enough momentum to break through.

The four-hour K-line has reached the top of the ascending flag pattern. Pay attention to the first trend support point at 2660 when retracing to the support. After the MACD divergence at the top, the volume increases, but the DIF and DEA are approaching the 0 axis from the high position, indicating that the bulls' target is not only 2820, but there is likely a higher target. The KDJ is also forming a bearish divergence at the top and is crossing downwards. Whether it is a genuine short or a trap, there should be a sense of safety precautions. The upper Bollinger Band continues to stretch to 2715, with the key support point at 2640. Overall, the secondary jump is about to end, and the third jump is beginning to take shape. The strategy continues to focus on establishing long positions after retracements, and wait for the right timing for short positions. Do not go short for now.

Safety comes first. Remember, the market is not foolproof, so always set a stop loss. Safety first. Small losses and big gains should be the goal.

Intraday:

Short at 2740, stop loss at 20 points, take profit at 60 points.

Long at 2660, stop loss at 20 points, take profit at 60 points.

Short-term reference:

Long from 2630 to 2650, target 2700 to 2750, break through to 2810, stop loss at 2600.

Short from 2820 to 2850, target 2750 to 2700, break through to 2650, stop loss at 2880.

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. Reprinting should indicate the source. 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 is 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 passion. Gains and losses happen inadvertently. Develop the habit of strictly setting stop losses and taking profits for each trade. The cryptocurrency academician wishes you a pleasant investment experience!

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