The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop 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 sustain yourself. Only those who survive in the crypto space for the long term and persist 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: 2024.10.14 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 2463. It is now 9:30 AM Beijing time. The weekly candle has closed, and last week there was a small bullish candle. This week, the market is expected to break the previous high, but before that, there will be a wave of bottom testing. Although it won't break the previous low of 2320, the neckline at 2430 cannot serve as a support point. Therefore, before breaking the previous high, you can try shorting, but be sure to set a stop-loss. After breaking the level, you need to change your mindset. Keep a red heart and be prepared for both scenarios.

Looking at the order book, the current daily K-line is consistently facing resistance at the EMA30 trend line pressure level of 2475. Yesterday and the day before, it broke the EMA30, and it is expected to challenge the EMA30 pressure level again. The MACD has ended the volume contraction and is starting to increase, with the DIF and DEA forming a golden cross below the zero axis. The Bollinger Bands' middle track pressure level is at 2485, and the upper track pressure level is at 2700. The KDJ's upward expansion trend remains unchanged. The key is whether the middle track pressure level of 2485 can turn into a support point; otherwise, it will be difficult for the bulls to mount an effective counterattack in the short term.

The 4-hour K-line is near the EMA120 trend line. The trend indicators show an overall convergence trend, leaning bullish. The MACD is increasing in volume, with the DIF and DEA expanding upward. The KDJ has also formed a golden cross. The Bollinger Bands' middle support point is at 2445, the lower support is at 2395, and the upper pressure level is at 2500. From the overall trend, the momentum to challenge the upper 2500 level is still present. Whether it can fully open up the bulls will take time; for now, it is advisable to wait for a bottom test before making a decision.

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

If the upper level of 2520 to 2540 does not break, go short, with a stop-loss of 30 points, targeting 2450 to 2400, and if broken, look at 2350.

If the upper level of 2520 to 2540 breaks, go long, with a stop-loss of 30 points, targeting 2600 to 2650, and if broken, look at 2700.

If the lower level of 2400 to 2420 goes long, defend 2350 to 2330 to add to the long position, with a stop-loss of 50 points, targeting 2470 to 2500, and if broken, look at 2550.

Specific operations should be based on real-time data from the order book. For more information, you can consult the author. The publication of this article may have delays, and the suggestions are for reference only; 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 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 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 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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