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Crypto Academician: 2024.5.16. Ethereum (ETH) latest market analysis reference
Let's review first. Ethereum has been in the range of 2910 to 2900 for two consecutive days. It was really painful. After all, I held it for several days. Until last night, Ethereum was blocked above 2970 and could not go up, so I was taking profits. In the end, I only took 70 points of space. The overall return was not satisfactory. At least compared with BTC, the market of Ethereum was really disappointing. Now I will wait and see after taking profits and leaving the market, waiting for the right time to consider entering the market.
Looking at today's market, as of more than 2:00 a.m. before press time, Ethereum's current price was around 2996. It is expected that the 3,000 mark will be broken, but it will not break too much. Pay attention to the position 3030 mentioned earlier. The daily K-line is still within the EMA trend indicator. From the EMA170 bottom 2860 support, it has broken the 2900 pressure and 2950 pressure levels. Now it has come to the 3,000 integer mark and is blocked by the EMA120 pressure point 3017. The overall trend wants to return to 3050 to be considered a full bullish position, otherwise there is a risk of a pullback. After the KDJ formed a golden cross, the MACD shrinking volume and increasing funds are about to end, and the DIF and DEA are also closing upward. As long as Ethereum holds the 3000 integer mark, there will be another wave of bullish trends to catch. After all, the Bollinger Band's pressure level of 3040 has not yet been reached, not to mention the upper rail space is still at 3265. The space in this range is still very large. Each bullish market is always halved compared to the expected market trend. Otherwise, this time the BTC stretch Ethereum should also be around 3250.
The four-hour K-line breaks through the EMA trend indicator continuously, and is currently blocked by the pressure of EMA90, which is the 3000 mark. KDJ spreads upward, and after MACD increases in volume, polarization will soon appear, because DIF and DEA spread upward from a low position, and the speed of DIF accelerates. The K-line breaks the pressure level of 2990 on the upper rail of the Bollinger Band. Now the pressure has become a support point. If the support is not broken, you can make a layout.
The operation ideas of ultra-short contracts are as follows:
For long positions, refer to the range of 2970 to 2950 for long positions. The first exit point refers to the range of 3050 to 3090, the second exit point refers to 3150 to 3200, and the third exit point refers to 3300 to 3330.
The entry point for short short refers to the range of 3200 to 3220, with a stop loss of 30 points. The exit point refers to the range of 3150 to 3100. 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 suggestion is for reference only and the risk is 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!
