The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.
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Crypto Circle Academician: March 10, 2025, Ethereum (ETH) Latest Market Analysis Reference
The current price of Ethereum is 2100. It is now 1 AM Beijing time, and as expected, the bearish trend continues. In yesterday's article, I suggested that everyone short 50 to 100 points, which is quite stable. Currently, the daily K-line has a high of 2210 and a low of 2064, having dropped more than a hundred points. The current position is no longer suitable for shorting. Although the bearish trend is obvious, it is not suitable for retail investors. At this time, shorting carries the risk of a price drop. Wait for the sharp decline to stop, and after it stabilizes, consider going long again. The battle to defend the 2000 level is about to begin, and we will wait and see.
The daily K-line has broken below the previous low of 2100, and the EMA trend indicator has further increased the downward space. The 2100 level is not suitable for going long. Those who want to try going long can consider testing positions at the 2000 level. The MACD has decreased in volume and is expanding downward, preventing the DIF and DEA from forming a golden cross. The Bollinger Bands are expanding downward, with the lower support dropping to 1925. The bottom support is pressing down, and the top resistance level has also lowered. The middle track resistance level has reached 2400. It is expected that the market will break below the lowest point of the year again and enter extreme oversold territory, at which point you can consider testing positions for a long.
The four-hour K-line has six consecutive bearish candles, breaking below the EMA trend line and moving lower, getting closer to the 2000 level. The MACD is decreasing in volume, and the DIF and DEA are forming an M-shaped downward trend. The Bollinger Bands are contracting downward, and the K-line has broken below the lower support of 2085. The short-term level will also enter oversold territory, and there are signs of a reversal. Therefore, it can be considered to attempt a long position, with a good stop-loss in place. If wrong, exit; if right, hold.
Short-term reference: Safety first. Remember, the market is never 100% certain, so always have a good stop-loss. Safety first, small losses, and big profits are the goal.
Testing long positions at 2025 to 1995, with a defense at 1950, stop-loss of 50 points, and a target of 2100 to 2150. If broken, look at 2200.
Testing short positions at 2200 to 2250, with a defense at 2300, stop-loss of 50 points, and a target of 2150 to 2100. If broken, look at 2050.
Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed, and the suggestions are for reference only; risks are borne by the reader.
This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only; risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid 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 where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Crypto Circle Academician wishes you happy investing!
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