Crypto Circle Academician: On April 20, Ethereum's short-term indicators are overbought, and the main forces are secretly maneuvering! Remember these 3 crucial support levels! Latest market analysis reference.

CN
5 days 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 scholars 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 Scholar: April 20, 2025 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 1620. It is now 2 AM Beijing time. Earlier, it was over 1550. I remind everyone that if it breaks 1610, it's time to run. Now is the time to run. Before this article was published, Ethereum suddenly surged a bit, reaching a maximum of only 1630 before starting to pull back. A slow rising market is usually accompanied by a quick drop. However, since it hasn't reached the predetermined position, it's best not to open a position casually. Wait for opportunities and signals; if it hasn't reached the target, just stay in cash and observe. Remember, the essence of trading is survival; focus on staying alive before considering profit.

The daily K-line reached a high of 1632 and a low of 1584, just touching the EMA15 trend quick line resistance before coming down, indicating that the resistance level is effective. The bulls face strong resistance. The MAD has been continuously increasing for a long time, and the K-line divergence has been unable to rise. The Bollinger Bands show strong resistance, so pay attention to 1655 as a trial short position point. The larger trend remains bearish, so we can look to make smaller trades while waiting for the key resistance level to start entering the market.

The four-hour K-line shows a long upper shadow, suggesting that the main force may be stretching to offload. Although the intensity of the stretch is not very strong, the main force generally has a tendency to offload whatever they can. Get used to it. The MACD has been continuously increasing, and the DIF and DEA have entered a two-level differentiation, starting to approach a critical point. So, be patient and wait for the main force to stretch before entering the market. The upper Bollinger Band at 1609 has been lost, and the K-line will not stay away from the Bollinger channel for too long; it will return to the channel. The short-term indicators have also reached overbought levels, so the high position for shorting is also here.

Short-term reference: Safety first. Remember, there is no 100% certainty in the market, so always set stop-losses. Safety first; small losses and big gains are the goal.

For the northern trial position, set between 1500 and 1450, with a defense at 1420, stop-loss at 30 points, and a target of 1550 to 1580. If it breaks, look at 1620 to 1670.

For the southern trial position, set between 1670 and 1700, with a defense at 1730, stop-loss at 30 points, and a target of 1620 to 1580. If it breaks, look at 1550 to 1530.

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; the suggestions are for reference only, and 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 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 to 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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