Cryptocurrency Academician: The temptation of Ethereum's oversold rebound on July 24, does it hide a deeper short-selling trap? Latest market analysis and reference suggestions.

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1 day ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

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Crypto Circle Academician: July 24, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3580. It is now 1:30 AM Beijing time. The thought process remains the same as the day before yesterday. The main force has not considered moving north until it tests the golden ratio line at 0.786. If it effectively breaks below 0.786 and forms a valid resistance level, then don't hesitate to switch from north to south. Pay attention to the next gaps at 3350 and 3100 as major trend supports. Be cautious about moving north before that, as there is less than a week left until Ethereum's tenth anniversary, and the market is likely nearing its end. What remains is a mess, and any movement is within reason.

Before the publication, the daily K-line reached a high of 3765 and a low of 3550. The EMA15 trend fast line support has come to 3345, and the EMA30 has stretched to the golden ratio line at 0.618 support of 3070. The MACD shows a top divergence with increasing downward volume, and the DIF and DEA are contracting at high levels. The upper Bollinger Band has stretched to 4000, with the stretching speed decreasing. The middle track support has stretched to 3115, and the market has returned from extreme overbought to a normal range.

The four-hour K-line has broken several trend supports after falling from the high point, and it has also broken below the EMA30 trend line at 3635. The next support point to watch is the rising trend line support at 3550 and the Fibonacci support at 3525. This is a point of exchange between long and short trends. If this position is held, the bulls are still in play; if not, the bears will come. The MACD continues to decrease in volume, and the DIF and DEA are pushing down towards the 0 axis support point, which is also around 3530. The lower Bollinger Band at 3605 has been lost, and the K-line has moved outside the Bollinger Band. After another dip, consider testing the position near the Fibonacci support at 3530 while ensuring proper defense and stop-loss.

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

For southward testing, the entry point is between 3750 and 3700, with a defense at 3800 and a stop-loss of 50 points. The target is between 3650 and 3600, with a breakdown target of 3550 to 3500.

For northward testing, the entry point is between 3550 and 3520, with a defense at 3490 and a stop-loss of 50 points. The target is between 3600 and 3650, with a breakdown target of 3700 to 37850.

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 to be borne by you.

This article is exclusively contributed by the Crypto Circle Academician and represents the academicians' unique views. 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 views and suggestions may not be real-time and are for reference only; risks are to be borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The academicians also hope 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 and follow 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, excellence by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician 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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