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Crypto Academician: 2024.5.14 Ethereum (ETH) latest market analysis reference
Compared with BTC, the volatility of Ethereum is indeed not satisfactory. Bitcoin has already reached 63,000, but Ethereum has been blocked at the 3,000 mark and has not been able to break through. This shows that the market sentiment is not as good as everyone expected, but is in a more pessimistic state. As a result, it is always half a beat slower than BTC this time. There were many near 2,900 yesterday, and finally after taking profits near 2,950, it has been in a short position since leaving the market.
Looking at today's current market, as of press time, it is still 2 a.m., and the current price of Ethereum has reached 2940. Yes, the market has returned to the same position as yesterday morning, but the situation is much better than yesterday. Although today's highest of 2996 did not break the 3000 mark, it is also a relatively good situation. The daily K-line continuously stepped back on the EMA170 support point of 2870 and the EMA160 trend indicator support point of 2910, and then exerted force upward. This flag-type indicator is a typical false break and then stretching trend. So yesterday I defended a wave of layout in the range of 2900 and 2875, and the stop loss was 2850 instead of 2875. The reason is that KDJ began to shrink, MACD shrunk and increased funds, and DIF and DEA did not close at a low level. In addition, the upward space of the daily K-line has not ended after standing on the lower track, and there is still some distance to go from the 3060 middle track pressure level.
The four-hour K-line was blocked by the 3000 mark of the EMA60 trend indicator and then began to fall. It has fallen below the two major support points of EMA30 and EMA15 and has reached the rising trend line. Then one thing can be determined that if the support near 2930 is not broken, you can arrange long positions with a light position and defend long positions near 2890, with a stop loss of 2850. Because the KDJ indicator is currently closing, the MACD volume has begun to decline, and the DIF and DEA have closed, indicating that there is still room below to go, but it is not appropriate to chase the short position. The best choice is to arrange long positions in advance, with a light position, and get on the bus first. After the Bollinger Bands close, it is normal for the K-line to step back on the middle track of 2925. Defend the support of the lower track of the Bollinger Bands at 2890, and that's it. The idea is to focus on low-multiples and supplement high-shorts.
The operation ideas of ultra-short contracts are as follows:
The entry point for long orders is 2930 to 2920. The defense is 2890, and the long position is covered. The stop loss is 2850. It is not ruled out that the market will go out of the n-type trend, so a defensive point is arranged, and the stop loss before the break can be exited. There are two major trend lines above, which means it is difficult to go short. Don't go short for the time being.
The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and the risks are borne by the user.
This article is exclusively contributed by the academician of the crypto, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and be quiet. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the crypto wishes you a happy investment!
