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Scholar in the cryptocurrency circle: October 27, 2024, Ethereum (ETH) latest market analysis reference.

The current price of Ethereum is 478. It is now 2 AM Beijing time, and I am watching the market. Suddenly, a flash of insight: Bitcoin is consolidating at a high level, while Ethereum is consolidating at a low level. There are rumors that Bitcoin is about to challenge 73,000, while Ethereum seems to have been forgotten. Yesterday, the hot search list in the cryptocurrency circle showed that the United States has started to sell ETH. The large-scale trend has already completed five waves. Let's not talk about that for now; let's review the thoughts given yesterday. The high short position was not executed, and we waited for a low long position, especially after the daily K-line broke below 2400, which led to a rebound. Currently, there is already a space of over eighty points, and it is not far from 2500, so we can continue to explore upwards. The short position has not yet been completed; we can wait until it breaks above 2500 before exiting.

The daily K-line has already formed a bat pattern. The large-scale bat does not need too much attention for now; the market will not complete directly and needs time to develop slowly. Especially in the AI era, the control behind it is more obviously dominated by artificial intelligence. The EMA trend indicators are all pointing downwards. EMA30 and EMA15 are about to converge, so pay attention to the 2530 convergence point. MACD is shrinking downwards, and after the DIF and DEA form a death cross, they are expanding downwards, approaching the 0 axis. The Bollinger Bands continue, with the lower support at 2330 and the middle pressure reference at 2538.

The four-hour K-line's upward trend remains unchanged in the short term. Pay attention to the EMA15 fast line pressure at 2500 and the EMA30 pressure at 2533. The MACD is reducing in volume and is about to form a golden cross. The DIF and DEA are also contracting. The short position space is not large, and it is not recommended to chase. You can wait for the pressure confirmation near 2530 before laying out a short position. After the Bollinger Bands expand downwards, the K-line is blocked at 2435 and starts to pull back. The middle line is still moving down and has reached 2505, while the upper line is about to break below 2575. It is expected to continue down to around 2540. The market pressure is gradually migrating downwards, with the top becoming lower and the bottom becoming unknown, so look a bit further ahead.

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.

Short positions from 2500 to 2550, with a stop-loss at 2600 to add to the short position, stop-loss at 50 points, target looking at 2450 to 2400, and if broken, looking at 2350.

Long positions from 2300 to 2350, with a stop-loss at 2250 to add to the long position, target looking at 2400 to 2450, and if broken, looking at 2500 to 2550, stop-loss at 50 points.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, so it is recommended for reference only, and risks are borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. 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 viewpoints and suggestions are not 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 scholar 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 and follow 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 comes 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 scholar in the cryptocurrency circle wishes you happy investing!

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