The essence of trading is survival, followed by 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 scholars may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Crypto Circle Scholar: April 17, 2025 Ethereum (ETH) Latest Market Analysis

The current price of Ethereum is 1565. It is now a little past 2:30 AM Beijing time. As we enter the market at 1550, I remind everyone to be prepared for defense and to set stop-losses. Safety should always come first. Although I didn't get to short at the high, what I encountered was the strength of the main force testing the bottom support. When we reach the entry point, we should trade according to our pre-market plan. During the trading session, we just need to execute. Use time to exchange for space; only by enduring loneliness can we maintain prosperity.

From the daily candlestick chart, we can see that the highest point reached only 1615, while the lowest has already dropped to 1537. After the new range is formed, a new interval will appear, especially since the EMA15 fast line has already fallen below 1655 and continues to decline. The MACD has been continuously increasing in volume, but the candlestick is diverging downwards. The DIF and DEA golden cross expansion is blocked, and the Bollinger Bands' downward channel remains unchanged, indicating that the larger trend is still bearish. In the short term, long positions should not be held for too long. When reaching the resistance level, it is essential to take profits and not be greedy.

The four-hour candlestick has come below the EMA trend indicator. After breaking below 1585, it has not deviated from the trend indicator but is just consolidating below. The MACD is continuously decreasing in volume while accumulating, indicating that bullish momentum is still present. Therefore, the long positions below 1550 are valid. The Bollinger Bands are contracting, and the candlestick has broken the lower track at 1550 and is now back within the channel. Additionally, as the market approaches 1537, it is about to enter an oversold condition, which indicates a potential reversal trend. Be prepared for defense and set stop-losses. If correct, hold; if wrong, cut losses without resistance.

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

For long positions, the trial entry point is from 1550 to 1500, with a defense at 1450, stop-loss of 30 points, and a target of 1620 to 1660. If broken, look at 1690 to 1720.

For short positions, the trial entry point is from 1650 to 1700, with a defense at 1750, stop-loss of 30 points, and a target of 1580 to 1530. If broken, look at 1500 to 1470.

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 summarize where the problem lies. Do not 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. 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-losses and take-profits 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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