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Crypto Academician: 2024.3.31 Ethereum (ETH) latest market analysis and reference suggestions
The market of Ethereum has returned to normal. I will take a look at yesterday's ideas. The first entry point of 3580 suggested yesterday has not been reached. There is not much room for the 3520-3460 range until now. In addition, the market has shown a trend of triangle closing over the weekend, and the volatility is getting less and less. Remember to set a stop profit and stop loss.
As of press time, around 3535, the daily K-line closed negative for two consecutive days, and the bearish sentiment is strong. Don't hold on to the long position for too long, it will fall freely. Only 10 and 15 of the EMA trend indicators begin to overlap the 3520 range. EMA30 has strong support and you can pay attention to the key point of 3480. MACD is shrinking and moving upward. The main force has been increasing its funds. The KDJ has an obvious downward alternating trend. The Bollinger Bands are bowing downward. The short position is stronger than the long position. Pay attention to the key point of 3570 for the downward pressure of the middle track of the Bollinger Bands.
From the perspective of the four-hour ultra-short trend, the EMA trend line height is shrinking, and the K-line is almost sideways along the trend line. Almost every time EMA shows such an indicator, the main force will have a large-scale wash (dive) with a particularly large amplitude. The academician of the crypto believes that this time will be no exception. MACD is shrinking and moving upward, DIF has entered the 0-week level and has formed a polarization with DEA, KDJ is tilted upward, and the Bollinger Bands are closing. The balance point of the middle track is at 3530, and the upper pressure level is 3600. (regardless of whether it is long or short, pay attention to prevent and take profit and stop loss, safety first)
Specific operation ideas for reference: The first entry point for short short is 3550, the second entry point is 3580, and the stop loss point for short selling is recommended to be 3605 (closer) to prevent the main force from breaking and stretching. The entry point for long selling is 3500, the second entry point is 3470, and the stop loss is recommended to be 3450 (slightly away from the lower track of the Bollinger Band to prevent being swept). The market trend is currently dominated by shorts, so shorts are the main focus. Specifically, you should pay more attention to the changes in the market. If the trend has not changed, refer to the continued trend. After the trend changes, the market data will be the main focus. 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 your own risks are borne.
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!
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