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Crypto Academician: 2024.8.22 Ethereum (ETH) latest market analysis reference
It is 2:00 am Beijing time now, and the current price of Ethereum is 2630. Another 24 hours have passed in a blink of an eye. As expected, Ethereum has hit the bottom of 2550 for the third time this month. Three times is better than three. We have entered the market at 2530 for several days. We held it once to hit the high point of 2780. After three consecutive bottoms, if it does not hit the previous high, we will find a position to take profit and exit in advance.
It can be seen that the big cycle has not started to work. The entry point of 2530 chosen for the short cycle is a very good position, so it has been held without leaving the market. The target is above 2750, but it has failed twice in a row. This is the third attack. Currently, there is a profit space of 100 points. Some friends got on the train near 2600. The third bull stretch is about to begin. Whether it can effectively break through the high pressure point depends on this time.
The short-term four-hour cycle has stabilized at the lower Bollinger Band 2550. From the market, is the momentum of bottom accumulation sufficient? The middle track 2615 has been broken, and the KDJ golden cross is formed. If 2640 stabilizes again, MACD will form a large-scale increase in funds, and the DIF and DEA golden cross will form. The idea remains unchanged, hold low and long, wait for the outbreak, and do not short for the time being.
Short-term thinking reference: On the 16th, I held more than 2530, and on the 19th, I entered the market at more than 2600 and held it again. I covered the position once at 2550, and the stop loss was 2500. The target is to see whether the resistance point of 2690 to 2700 can be effectively broken through. If it does not break, I will leave the market. If it breaks, I will continue to hold the target and leave the market at 2850.
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!
