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Coin Circle Academician: 2024.10.18 Ethereum (ETH) latest market analysis reference

The current price of Ethereum is 2600. It is now 8:30 am Beijing time. The daily K-line has just closed. It can be seen that the large daily line has a symmetrical triangle flag pattern. It is now in the closing stage. In addition, today is Friday. If the market does not move in a clear direction today, then the market this week will continue to shrink sideways. The box will only get smaller and smaller, and the operational space will be compressed, and the operation will have no meaning.

The daily K-line has been trading sideways in the range of EMA90 pressure level 2660 and EMA60 support point 2570. EMA15 and 30 are shrinking upward alternately. MACD has ended its large-scale increase in funds. The polarization of DIF and DEA has ended. The bulls have encountered strong pressure. The end of the divergence does not mean that the bulls are opening. Instead, a new resistance point has been formed, which increases the probability of exhaustion of the bulls. The Bollinger Bands have shrunk, and the upper rail pressure level has fallen to 2690. The middle rail resistance point is also spreading downward to 2488. KDJ shrinks the shorts to focus on the key position of the bottom support. If it is broken, the short trend may be opened.

The symmetrical triangle trend of the four-hour K-line is more obvious. The reference support point of the EMA30 trend indicator 2577 is just located at the symmetrical triangle support point. The MACD top diverges and shrinks downward. The DIF and DEA high positions continue to spread downward. The KDJ shrinks upward, which means that consolidation will continue in the short term. The market is still in the stage of triangle contraction. Be prepared for both hands and make waves in the range. No matter whether the pressure level or the support point is broken, make a trending order

Short-term thinking reference: Remember that the market is not 100% certain, so you must set a stop loss. Safety first, small losses and big profits are the goal.

Band:

2640 short, target 2600, stop loss 20 points

2580 more, target 2620, stop loss 20 points

Short-term thinking

There are many breakouts from 2640 to 2650, with a target of 2700 to 2750. If it breaks, look at 2800, with a stop loss of 30 pips

2570 to 2550 below, short, target 2500 to 2450, target 2400 if broken, stop loss 30 pips

The specific operation is based on the real-time data of the market. 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 the risks are borne by the user.

This article is exclusively contributed by the academician of the currency circle, 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 stay calm. 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 currency circle wishes you a happy investment!

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