3.5 Cryptocurrency Academician: Ethereum has five consecutive bullish candles in four hours, the 2070 iron bottom has been established, is the hammer pattern forming effective for a northward movement? Latest analysis reference.

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7 hours ago

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Crypto Circle Scholar: March 5, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 2160. It is now 3 AM Beijing time. The daily K-line for Ethereum shows a low of 1980 and a high of 2166. Before the article was published last night, I took profits at 2200. After breaking below 2200, look for opportunities to enter. Many people entered at 2000, which is a psychological barrier, just like 2500 two days ago. Yesterday's article already mentioned that after breaking below 2070, it was a good opportunity to test the waters northward. The 2000 replenishment point has also been entered. Set your stop-loss and hold on with peace of mind; we are heading north.

The daily K-line has formed a pin hammer line, and the EMA has alternated downwards, reaching the extreme oversold area. The rebound is effective. The EMA15 resistance level is something to pay attention to at 2430. The MACD is continuously shrinking downwards, with DIF and DEA continuing downwards. The Bollinger Bands have opened, and the K-line is currently standing on the lower track support at 2100, with the main force returning to the channel. The overall trend is leaning towards recovery.

The four-hour K-line has stood at 2070 five times, which is enough to show that this position's support is effective. The bulls are starting to gain strength. If the EMA15 resistance level at 2190 cannot hold, pay close attention to the strength of the second resistance level EMA30 at 2250. If it does not break the second resistance level, you can take profits northward; if it breaks, you can continue to hold. The MACD is shrinking and accumulating, with DIF and DEA showing contraction. The Bollinger Bands are in a sideways K-line, continuously standing on the lower track support at 1980, starting to impact the medium resistance level at 2235. The KDJ has formed a golden cross, indicating effective bullish momentum. For those who haven't entered, wait for a pullback to find an opportunity; for those who have entered, hold on with peace of mind.

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

For northward testing, the point is 2100 to 2050, with a defense at 2000 and a stop-loss of 50 points. The target is 2200 to 2250, and if it breaks, look at 2300.

For southward testing, the point is 2350 to 2400, with a defense at 2450 and a stop-loss of 50 points. The target is 2300 to 2250, and if it breaks, look at 2200.

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 Scholar 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 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 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 in investing. 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 happen unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Crypto Circle Scholar 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.

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