Crypto Circle Academician: Ethereum (ETH) at 11.4 is currently undergoing the most difficult bottoming period; getting through it will lead to the stars and the sea.

In the crypto space, staying alive is more important than making money. I've seen too many people unhappy when making tenfold or hundredfold gains, but blowing up their accounts in one go when they lose money. Why? Because position management is a mess. My own principle is that any single trade should not exceed a 2% loss of capital. It may seem small, but over time, you'll realize how important it is. Today's article is my personal trading diary; no calls, no trades, everyone bears their own gains and losses. If you find it reasonable, give it a like, and we’ll continue our discussion tomorrow.

The daily candlestick chart has dropped from 3446 to 1503 and has seen a rebound; it's currently encountering resistance around 2300. In terms of moving averages, EMA15 is at 2326, EMA30 is at 2389, with all short-term moving averages above the price, indicating that the daily level is still in a bearish pattern. The MACD is operating below the zero axis, with the green bars shortening; both DIF and DEA are in the negative territory, showing a golden cross but with weak momentum. The middle line of the Bollinger Bands at 2353 is the current first hurdle, with the upper line at 2494 and lower line at 2212. Overall, the daily chart belongs to a rebound after an over-sold sharp decline and has not yet reversed.

The four-hour candlestick chart is above these two short moving averages, indicating signs of stabilization in the short term. However, EMA60 is at 2302, right above, acting as a key resistance level. The MACD's green bars have turned red, with DIF crossing above DEA forming a golden cross, indicating a slight bullish momentum in the short term. The Bollinger Bands are narrowing, with the upper line at 2302, lower line at 2235, and middle line at 2269. Today, the lowest point was 2284 before bouncing back, indicating support around 2280. The four-hour level is in a box consolidation after a drop, and the direction has not yet been determined.

Short-term reference:

Going north from 2250 to 2200 faces resistance; stop loss at 30 points, target looks at 2300 to 2350.

Going south from 2300 to 2350 lacks momentum; stop loss at 30 points, target looks at 2250 to 2200.

Specific operations should primarily rely on real-time market data; more information can be consulted with me. The article is published with delays; suggestions are for reference only, and risks are borne by you.

Warm reminder: The above content is synchronized and updated on major trading platforms such as Binance, OKEx, Huobi, etc.; for more content, you can add me as a friend inside Binance and join my fan group.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。