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Cryptocurrency academician: October 8, 2024, ethereum (ETH) latest market analysis reference.

Ethereum is currently priced at 2460. It is now 2 a.m. Peking time, and the daily candlestick has broken the EMA15 and 30 trendlines.Support level.Breaking above 2500 to 2520, an ascending channel is forming, a new support level has emerged, and retracement support can refer to the neckline support at the 2400 level. If the retracement support is effective, continue to enter long positions. Be prepared and leave the rest to time.

　　

Looking at the market, currently the daily candlestick has just broken through the two major EMA trendlines, but has not completely stabilized yet. We can only confirm after the morning closing at 8 o'clock whether the closing price can stay above EMA30.MACDWith shrinking volume and increased funding, DIF and DEA are diffusing below the 0 axis, paying attention to the resistance at 2530 in the Bollinger Band, and the support at 2300 on the lower track.KDJThere is a contraction upwards.Golden crossTrend, the short-term bullish trend remains unchanged, focusing on the upper EMA60 resistance point of 2590. If it does not break, short positions can be initiated for trial orders.

　　

The 4-hour candlestick chart broke above the EMA trendlines, combined with the overall contraction of EMA trends, the candlestick entered an upward channel, focusing on the overlap of EMA 15 and EMA 30 at 2450. The MACD volume increased, DIF and DEA entered a divergent state. Another trend of consolidation below 2500 appeared, indicating the possibility of a short-term pullback. Therefore, those who have not entered the market can wait for an opportunity. After the candlestick retraces to 2400, continue to enter the market. Short selling should focus on the top resistance level as support.

Short-term reference: Safety comes first, remember that the market is not always predictable, so always set up stop-loss. Safety first, small losses lead to big gains.

Long positions can be added between 2390 and 2400, reinforce long positions at 2330 support, target range is 2450 to 2500, consider breaking through to 2600, with a 50-point stop loss.

Short positions can be initiated between 2550 and 2600, reinforce short positions at 2650 resistance, target range is 2450 to 2400, consider breaking through to 2350, with a 50-point stop loss.

Operate based on real-time market data. For more news and details, please refer to the news section. Articles may have delays in publication, so they are recommended for reference purposes only. Please be aware of the risks.

This article is exclusively contributed by the cryptocurrency academician and only represents the academician's unique viewpoint. With in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc., the viewpoints and suggestions above are not time-sensitive due to article push timing. They are for reference only, and risks are to be borne by the reader. When reposting, please indicate the source. Manage your positions reasonably, 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 analyze your own problems and not let potential profits slip away. There is no need to be smarter than the market when investing. Follow trends, act when they come; observe and wait when there are no trends. Only act after the trend becomes clear. Tomorrow's success depends on today's choices. Nature rewards hard work, the earth rewards kindness, people reward honesty, business rewards trust, industry rewards excellence, art rewards passion. Gains and losses come unexpectedly. Develop the habit of strictly using stop-loss and take-profit for every trade. The cryptocurrency academician wishes you a pleasant investment journey!