Strength does not need to be overly demonstrated, the key is to gain more recognition. It is more important to be yourself than to prove your strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk. As a professional, I have always been committed to guiding investors to take fewer detours and miss fewer opportunities in this market. Even though I advise earnestly, the path of investment still requires you to explore on your own. Learning is endless, and the experience accumulated is your true wealth!

Wishing fans to achieve financial freedom in 2024, let's cheer together!

Coin Circle Academician: Analysis and reference interpretation of the latest market of Ethereum (ETH) on March 29, 2024

Why does Ethereum like to drink coffee?

Because it wants a cup of block-chai-n coffee!

I hope my joke can infect you,

First, let's review yesterday's layout of Ethereum. The short position at 3565 has not been activated, and as of the time of writing, the current price of Ethereum has returned to 3565, reaching a high of 3615, but the replenishment point of 3620 has not been reached. Therefore, the current short trend continues to be held, waiting for the trend to come. At the same time, don't forget to set good stop-loss and take-profit points to develop good habits of prevention.

Looking at today's market trend, the daily K-line is at the high level of the EMA trend line, and it is expected to have a pullback. The downside space can be seized with the trend. The first support points to pay attention to are the trend indicator support points at 3530 and 3480. The MACD has been consistently shrinking and thickening, and the main force has been blocked near 3620. The DIF and DEA have not closed upwards, indicating that the bearish trend is strong, and there is a greater trend of pullback in the short term. After the KDJ's upward movement is blocked, it begins to fall back down, and there have been consecutive failures to break through the upper pressure level, showing signs of weakness.

Next, let's look at the super short-term trend indicators for the four-hour period. Currently, the K-line has four consecutive declines and is entering the EMA trend indicator, starting to move downwards. The overall trend of EMA is starting to close. The MACD is shrinking and thickening, and the K-line is not moving upwards, starting to shrink and move downwards. The alternating downward trend of DIF and DEA continues, and the bearish sentiment has not diminished. The KDJ is spreading upwards, and the K-line is blocked at the 3570 pressure level of the Bollinger Band. The support point below is at 3485. Taking into account various indicators, there is a pullback in the super short-term trend, and more short positions are favored for the time being.

Specific operational ideas for reference: Long positions should pay attention to the first support point at 3520 and the second support point at 3480. Short positions should set a stop-loss at 3450. The first entry point for short positions is 3600, and the second entry point is 3650. The stop-loss point for short positions is 2700 (slightly higher than the recent high point to prevent being swept out of the market). The current market trend is dominated by short positions, so short positions are preferred. Specific attention should still be paid to changes in the market trend. After the trend changes, the market data should be the main reference. For more information, please consult the author. The article is published with a delay, and it is recommended for reference only at your own risk.

This article is exclusively provided by the Coin Circle Academician and represents the author's personal views. He has conducted in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Reprinting requires attribution. Investors should reasonably control their positions and avoid heavy or full positions. The academician hopes that investors understand that the market is always right. If you make a mistake, you should summarize the reasons and not let the profits that should have been in your hands fly away. There is no need for investment to be smarter than the market. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after waiting for the trend to become clear. Success comes from today's choices. Heaven rewards diligence, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the strict habit of setting stop-loss and take-profit points for each trade. The Coin Circle Academician wishes you a pleasant investment!

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