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Crypto Scholar: Ethereum (ETH) Latest Market Analysis Reference as of 2024.12.31

Ethereum's current price is 3395. It is now five in the morning, and the daily candlestick has not yet closed. I mentioned the other day that I missed the entry point when the price was going down, but I managed to catch this upward trend, grabbing 100 points is already quite good. The market is expected to continue consolidating, so friends choosing to go down from above 3400 should be well-prepared for defense and set stop-losses. The target remains around the support level of 3300. This kind of patience-testing market is most suitable for beginners. The top resistance and bottom support of the range have basically formed, and with proper stop-losses, it is entirely possible to achieve small losses and large profits.

The daily candlestick reached a high of 3436 and a low of 3300. Coupled with the contraction of the EMA trend indicator, the top trend indicator's resistance level has reached around 3470. Therefore, with proper defense, you can hold with peace of mind. The MACD bottom divergence and volume contraction have been ongoing for a long time. The DIF and DEA are still contracting within the energy indicators, and the overall trend remains a symmetrical triangle contraction. The Bollinger Bands are expanding downwards, with the lower support at 3090 and the middle support to watch at 3580.

The four-hour candlestick shows the range most clearly. The EMA trend indicator is contracting, with the EMA60 resistance level at 3433 and the lower support at 3300. The MACD is maintaining a bottom divergence trend with volume contraction, and the DIF and DEA are below the zero line, which could break above the zero line at any time. Therefore, friends choosing to go down from above 3400 must set stop-losses. If you're wrong, don't hold on stubbornly; if you're right, grab 100 points. If you're wrong, exit with a small loss. The upper Bollinger Band is at 3435, and the lower support is at 3315. When trading within the range, ensure you have a defense point and a stop-loss point to avoid being swept out.

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

For upward testing, the entry point is 3300 to 3250, with defense at 3200 to 3150, stop-loss at 50 points, and the target looking at 3350 to 3400, with a breakout target of 3450.

For downward testing, the entry point is 3450 to 3500, with defense at 3550, stop-loss at 50 points, and the target looking at 3400 to 3350, with a breakout target of 3300.

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

This article is exclusively contributed by the Crypto Scholar and represents the scholar's unique perspective. 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 to be 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. 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 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 Scholar wishes you happy investing!

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