The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and if 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 this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing your dreams, you are never alone; you still have me.

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

Crypto Circle Academician: November 6, 2024 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 2550. It is now 10:15 AM Beijing time. The bullish indicators of the daily bat pattern are quite clear, and since many people struggled to draw it yesterday, I will draw one for reference. From the current market situation, our long positions below 2400 are effective; continue to hold and expand your gains. Currently, there is about 200 points of space to take profit. If you can't hold, you can take profit after breaking 2600.

Looking at the market, the daily K-line bat has already begun to spread its wings, having moved halfway to the EMA60 trend resistance level of 2555. After breaking this level, we can continue to look up to 2615, with EMA90 as the next target. The MACD is shrinking upwards, and the DIF and DEA have not yet shown energy indicators but are starting to contract. Currently, it is still below the 0 axis, indicating that there is enough space above to continue holding. The Bollinger Bands have stretched directly to the middle band of 2550 after standing above the lower band of 2369. Overall, the trend is bullish, and we continue to look up, with the upper band target at 2737. The KDJ is forming a golden cross upwards.

The four-hour K-line has broken the EMA trend indicator and is standing at a high position. The EMA15 is still at 2460 and needs to continue stretching to provide support for the K-line. The bullish trend has opened up again. Will it experience another downturn? Pay attention to the key resistance level above, with the major trend resistance point at 2680. Currently, all major indicators are stretching, and market sentiment is leaning bullish. However, be cautious as the market has entered the overbought zone. It is essential to avoid extreme overbought conditions; even if you don't short, observing is also an option.

Short-term reference: Long positions have been entered; set stop-loss orders, safety first. Remember, there is no 100% certainty in the market, so always prioritize safety with stop-loss orders. The goal is to minimize losses while maximizing gains.

For the upper range, short from 2670 to 2700, and add to short from 2750 to 2850, with a stop-loss of 50 points. The target is 2600 to 2550, and if broken, look for 2500 to 2450.

For the lower range, long from 2400 to 2450, and add to long from 2350 to 2300, with a stop-loss of 50 points. The target is 2500 to 2550, and if broken, look for 2600 to 2650.

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 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. Don't 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 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-loss and take-profit for each trade. The Crypto Circle Academician wishes you happy investing!

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