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 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 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: 2024.10.15 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 2630. It is now 10:30 AM Beijing time. Let's review yesterday's Ethereum strategy. After losing the previous high of 2520, we went long at 2540, targeting 2650, which has been reached. The next target of 2700 will require a pullback to gain momentum. From the order book, the short-term trading volume is insufficient to support Ethereum's rise to 2700; we can only wait for a pullback to gain momentum.

Looking at the order book, the daily K-line has continuously broken through the EMA15, 30, and 60 trend resistance levels. It is now challenging the EMA90 resistance level at 2660. If broken, the next resistance level to watch is 2734. The MACD is expanding, with the DIF above the 0 axis, forming a divergence with the DEA. In this case, we can only wait for the divergence to end before the consolidation ends. The upper Bollinger Band resistance level to watch is 2725, and the middle band at 2500 can be referenced for now. The KDJ is expanding upwards but encountering significant resistance. Therefore, it is evident that breaking the EMA90 trend resistance level in the short term is challenging. If it breaks, it will be a smooth upward trend, so the market trend is more inclined towards high-level consolidation.

The four-hour K-line has been continuously blocked at 2650, and the lower level has not broken below 2600, creating the illusion that 2600 is a support point. Drawing the Fibonacci retracement from the recent low to the recent high, the 0.618 support point is around 2530, where we can consider going long. For now, do not rush to chase long positions around 2620. The EMA trend is still in an upward net expansion bullish trend, so the strategy is to focus on long positions at support during pullbacks. The MACD is expanding upwards, with the DIF and DEA spreading upwards at high levels. The K-line has returned to within the Bollinger Band, and the KDJ has started to contract downwards. Overall, in the short term, a pullback is a normal trend; not pulling back would be unhealthy. So wait for opportunities and signals for the best entry point.

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

For aggressive traders, short at the current price, targeting around 2550 for a profit.

Short positions from 2700 to 2750, with a stop-loss of 50 points, targeting 2600 to 2550, and if broken, looking at 2500.

Long positions from 2530 to 2560, with a stop-loss of 50 points, targeting 2630 to 2660, and if broken, looking at 2700.

Specific operations should be based on real-time data from the order book. For more information, you can consult the author. The article may have a delay in 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 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 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. Hard work is rewarded, integrity is valued, and excellence is pursued. 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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