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Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1470. It is now 3:30 AM Beijing time. After the one-sided market has run its course, what remains is consolidation. The main force has arrived near the support level at the bottom of the 1450 range. The daily K-line shows a high of 1618 and a low of 1450. The EMA trend indicates a strong downward trend. EMA15 has dropped below 1800 to 1765 and is continuing to decline. The MACD is continuously shrinking downwards, with DIF and DEA diverging downwards, further confirming the bearish momentum. The Bollinger Bands are opening downwards, and the K-line is expanding downwards around the lower Bollinger Band at 1530. The market is still in an extremely oversold area, so be prepared for a trend reversal. Consider testing long positions after breaking the previous low.

The four-hour K-line is blocked by the EMA15 trend resistance at 1585 and quickly retreated. During the US market hours, it plummeted below 1500 to reach a key support level. Everyone should pay attention to whether the 1450 support can hold. If it cannot hold, it is highly likely to continue to challenge the year's low. The MACD is shrinking downwards, and the DIF and DEA golden cross has been reversed downwards. The downward channel of the Bollinger Bands continues, with the mid-line resistance at 1630 and the lower line support at 1380. The KDJ has formed a downward dead cross, and the bearish momentum continues. It may be worth considering going long near the support level, but do not panic sell.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first, small losses for big gains is the goal.

For long positions, try entering between 1450 and 1400, with a stop-loss at 1370, risking 30 points, targeting 1500 to 1550, and if broken, looking at 1600 to 1640.

For short positions, try entering between 1600 and 1650, with a stop-loss at 1700, risking 30 points, targeting 1550 to 1500, and if broken, looking at 1450 to 1400.

Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article has a delay, so it is suggested for reference only, and risks are to be borne by the reader.

This article is exclusively contributed by the Cryptocurrency Circle Scholar and represents the scholar's unique viewpoint. 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 viewpoints and suggestions may not be real-time and are for reference only. Risks are to be borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on 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 stems 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 occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Circle Scholar wishes you happy investing!

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