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Crypto Circle Academician: Can Ethereum bulls initiate a new round of upward movement on October 5? Who will win in this battle between bulls and bears? Latest market analysis reference.

Yesterday, Ethereum stated that the bullish target is to first look at the 2400 level before deciding whether to exit. From the current market situation, there is no need to rush to exit; the target can continue to look upward. Currently, the daily K-line has a high of 2440. It is now 2 AM Beijing time, and the bulls are still continuing to recover. Let's take a look at the market.

Currently, the daily K-line shows whether the upward recovery can form a morning star to initiate a new round of bullishness is still to be verified. We won't guess the market; we will only look at the current data. The upper EMA15 trend resistance level has reached the 2500 integer level, still providing the most recent pressure point for the K-line. After the MACD shrinks downward, the DIF and DEA enter a two-level differentiation. The Bollinger Band lower support is at 2245, and the middle track pressure level to watch is 2512, which can be used as a key pressure point to determine whether to exit long positions again. The short-term bullish mindset remains unchanged.

The four-hour K-line has continuously shown bullish candles breaking through the EMA15 resistance level of 2405, now standing at the EMA15 trend line, which has turned into support. The next resistance level is the EMA30 break point; if it holds, you can continue to hold; if it breaks, you can exit. The MACD shows an upward volume increase, indicating that the bullish trend is continuously controlling the market. The Bollinger Band's contraction top pressure level has reached 2520, and the K-line is currently above the middle track, so you can pay attention to the lower track support at 2300. The mindset is mainly bullish; if the support holds, you can continue to enter.

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 between 2330 and 2300, defend between 2220 and 2250 to add to positions, with targets looking at 2400 to 2500, and if broken, look at 2600, with a stop-loss of 50 points.

Sell between 2520 and 2500, with a stop-loss of 30 points, targeting 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; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research 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 the reader. 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 summarize 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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