The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars 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.
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Crypto Circle Scholar: April 29, 2025 Ethereum (ETH) Latest Market Analysis Reference
The current price of Ethereum is 1800. It is now 3:30 AM Beijing time. Everyone has probably taken profits at 1820. Although the space isn't very large, it just retraced to the bottom support of 1740. While we didn't take profits at the lowest point, we can still take profits at the EMA30 trend line. A 50-point space is better than nothing for the current second coin. We entered around 1760, with a stop loss at 1720. If it didn't trigger, just hold normally. If the target breaks 1800, look for opportunities to take profits.
The daily K-line reached a high of 1826 and a low of 1740. The EMA trend indicator remains bearish on a larger scale. The EMA15 and 30 are still converging, and the K-line is expected to test the 1740 support point multiple times. For now, it mainly consolidates at a high level. If it stands at this point, there is a high probability of a sharp rise. If it can't hold, it will plunge. The MACD volume is decreasing, and the DIF and DEA are struggling against the 0 axis. The upper Bollinger Band has risen to 1855, while the lower band remains at 1660, indicating an overall bearish trend. The strategy can be to wait for a push towards the high of around 1850 to continue shorting, with proper stop losses.
The four-hour K-line flag pattern indicator has failed. After the market broke below the EMA30 trend line at 1775, it failed to test the EMA60 support at 1740 and began to stretch upwards, testing the key resistance level of 1800. This shows that there is a significant amount of concentrated chips around 1800. The MACD has shown continuous top divergence and is expanding downwards. The DIF and DEA are also close to the 0 axis. Whether a bullish reversal trend can occur depends on whether it can break below the 0 axis. After all, the K-line has broken below the Bollinger Band lower support at 1770 and returned to the middle band at 1800. It is now moving back and forth within the Bollinger Band.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop losses. Safety first, small losses for big gains is the goal.
For a northern trial position, the range is 1770 to 1750, with a stop loss at 1730 and a 30-point stop loss. The target is 1800 to 1840, with a breakout target of 1870.
For a southern trial position, the range is 1810 to 1250, with a stop loss at 1850 and a 30-point stop loss. The target is 1800 to 1750, with a breakout target of 1700.
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, and the suggestions are for reference only. 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. 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 Circle Scholar wishes you happy investing!
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