Cryptocurrency Academy: Is the short-term support for Ethereum at 5.7 effective? Bulls will charge forward! Latest market analysis reference.

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19 hours ago

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Crypto Circle Scholar: May 7, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1785. It is now 3:30 AM Beijing time. Has everyone entered the market? Yesterday, I mentioned that the pullback to 1780 was not deep enough and suggested that everyone wait for a deeper dip before entering. How is it now? Before publishing, Ethereum's lowest was 1750. The depth is sufficient to enter now, with a target above 1820. Don't be too greedy. Such divergence trends often lead to rapid declines and quick stretches, so setting stop-loss and take-profit levels is the safest approach.

The daily K-line reached a high of 1820 and a low of 1750. The K-line has broken the EMA trend indicator support at 1750 for the first time in over half a month, and the lower shadow line is quite standard, typical of major players offloading. In the short term, it is now the retail investors' stage. The MACD has been in continuous top divergence for a long time, and the K-line has been in a slow rising channel. The upper Bollinger Band is still at 1940, and the middle band has stretched to 1750. The short-term support is effective, and long positions can be held.

It is still uncertain whether the four-hour K-line will form a morning star, but at least we have entered before it takes shape. The EMA120 support is at 1770. As long as it holds, the bulls will continue to stretch and challenge the trend high of 1810. There is no rush for now. The MACD has been continuously shrinking, and the DIF and DEA have not yet exited the energy indicators. The K-line has been probing the Bollinger Band's lower support at 1770 and is starting to pull back upwards. Pay attention to the middle band at 1813 and the upper band at 1855 as two major take-profit points. As long as it doesn't break, the bulls can take profits.

Short-term reference: Safety first. Remember, there is no 100% certainty in the market, so always set stop-loss levels. Safety first, small losses with big gains is the goal.

For northern entry points, try 1760 to 1780, with a defense at 1740, stop-loss at 30 points, and a target of 1800 to 1840. If it breaks, look at 1870.

For southern entry points, try 1830 to 1850, with a defense at 1870, stop-loss at 30 points, and a target of 1800 to 1790. If it breaks, look at 1760.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, and the suggestions are for reference only; risks are borne by the reader.

This article is exclusively contributed by the Crypto 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 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. Don't 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-loss and take-profit levels for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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