The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom in 2024. Let's work hard together!

Crypto Circle Academician: 2024.10.4 Ethereum (ETH) Latest Market Analysis Reference

Ethereum's trend is basically similar to Bitcoin's, hovering near the support point. However, the daily candlestick chart has shown six consecutive bearish candles, causing the EMA trend indicator to turn downward. The EMA15 and EMA30 have formed a death cross. The trend resistance level to watch is 2511. If it encounters support at the 2300 round number in the short term, you can enter a long position for a regular trial. The initial target is 2400, and after breaking that level, you can decide whether to hold.

The technical indicator MACD has also started to decrease in volume and is spreading downward, with the DIF and DEA lines diverging below the zero axis. Generally, after such divergence, the market enters a consolidation phase until the divergence ends. The Bollinger Bands are opening downward, and the lower support at 2240 is very close, less than a hundred points away, which needs attention. The KDJ is entering the oversold zone downward. Although it hasn't reached extreme oversold levels, the possibility of the market challenging previous highs cannot be ruled out.

The four-hour candlestick chart shows a bottom divergence. The EMA trend indicator continues to spread downward, with EMA15 accelerating downward, providing a key resistance level of 2425 for the candlestick. MACD divergence is decreasing in volume, and the Bollinger Bands are opening downward. The candlestick has moved away from the lower support and is now in the middle of the downward channel. The lower support to watch is 2270, and the mid-level resistance is 2475. The KDJ is narrowing, indicating a short-term bullish trend. The low long strategy is effective, so continue to hold.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal.

Buy in the range of 2330 to 2300, with a stop-loss at 2220 to 2250 for additional purchases. The target is 2400 to 2500, and if broken, look at 2600, with a stop-loss of 50 points.

Sell in the range of 2470 to 2500, with a stop-loss of 50 points. The target is 2400 to 2350, and if broken, look at 2300.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are borne by you.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by you. Please indicate the source when reprinting. Manage your positions reasonably 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 where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

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