Don't forget, the darkest moment is often just before dawn. On the road to chasing dreams, you are never alone; you have me.

I am a scholar in the cryptocurrency circle, a warrior who has always been protecting the retail investors. I wish my fans financial freedom in 2024. Let's work hard together!

Scholar in the cryptocurrency circle: October 28, 2024 Ethereum (ETH) latest market analysis reference

The current price of Ethereum is 2493. It is now 4 AM Beijing time. The daily K-line reached a high of 2511. Let's review: in yesterday's article at 2400, the exit point given was to exit long positions after breaking 2500. Now the market is accurately predicted, and all that remains is to wait for Ethereum to catch up. If it does not take this opportunity to stabilize above 2500 and stretch, then this round of the bull market may have nothing to do with Ethereum.

Looking at the daily K-line, it is still at a low position on the EA trend indicator, not far from the EMA30 resistance level of 2535. However, the overall trend is still bearish. The MACD is shrinking downwards, and the DIF and DEA are expanding downwards, already very close to the 0 axis. As long as it does not stabilize above 2500, the overall trend remains bearish. The resistance point in the Bollinger Bands is at 2540, with support at the lower band at 2340. The KDJ has started to contract and has reached a turning point, so prepare for both sides to avoid missing opportunities.

The four-hour K-line has broken the EMA15 resistance level of 2495 and is currently standing at EMA15. The upper EMA30 resistance level to watch is 2515. The trend indicator's downward mesh alternating expansion trend has not ended, and the resistance is strong. The strategy remains unchanged for short positions at high levels. The MACD's volume increase has not had a significant effect, while the DIF and DEA are expanding upwards from a low position. The Bollinger Bands are contracting downwards, with the upper band resistance level having dropped to 2548, and the lower band support still at 2430. The overall strategy remains bearish. When near high-level resistance, you can start testing short positions. If it breaks, consider whether to follow the trend for long or wait and see.

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 2515 to 2530, with a stop-loss at 2570, 50 points stop-loss, target looking at 2480 to 2440, and if broken, looking at 2400.

Long positions from 2400 to 2430, with a stop-loss at 2370, 50 points stop-loss, target looking at 2480 to 2510, and if broken, looking at 2550.

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 suggested 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 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 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 happen 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!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。