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Crypto Academician: 2024.5.23 Ethereum (ETH) latest market analysis reference
Only a small number of people have made plans for Ethereum, and they are all ultra-short, with more than 3660 and a target of 3780. They will short at 3700. The market has broken away from the trend of Bitcoin and stretched to a relatively high position. Many people in the market are saying that this is a normal compensatory rise, in preparation for breaking the previous historical high. Regardless of whether it is or not, we can make arrangements according to the trend. The rest of the time, we will short and wait for opportunities, with a stop loss to ensure the safety of the principal in the first place.
Let's look at today's market. As of 2:00 a.m. before press time, Ethereum's current price is around 3720. The daily K-line was blocked at 3850 and fell back, but the EMA trend is still bullish. The EMA15 fast line is still stretching upward, and the KDJ is closing downward. After the Bollinger Bands opened, the K-line is also stepping back on the upper track of the Bollinger Bands at 3660. From the current trend, the support is effective, the MACD trend of increasing volume remains unchanged, and the DIF and DEA broke the 0 axis and entered the bullish strong stage, indicating that there is further consolidation.
The four-hour K-line did not pull back much today and has been going back and forth around 3700, but the EMA trend indicator has stretched strongly. EMA15 has reached 3620 and has not ended yet and is still spreading upward. MACD volume is about to end. When observing the market, it did not go down but diverged. DIF and DEA closed at high levels, and KDJ also spread downward and diverged from the K-line. After observing the opening of the Bollinger Bands, the three tracks went up, and the K-line went sideways in the upward channel. The middle track support came to 3620, and the upper track pressure came to 4110. So the idea is similar to yesterday's layout and there is not much difference.
The specific operation ideas are as follows:
The entry point for short is between 4050 and 4080, with a stop loss of 4110. The first exit point is between 3950 and 3900, and the second exit point is between 3850 and 3800.
The entry point for long positions is between 3650 and 3700, with a stop loss of 3600. The exit point is between 3800 and 3850, and the second exit point is between 3950 and 4000.
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!
