Zhang Lihui, edited at 1:47 AM Beijing time on October 24: Today's Ethereum (ETH) market analysis and trading suggestions:
Ethereum broke through the EMA30 and upper band on the 4-hour chart but fell back again, facing short-term resistance from EMA60. The Bollinger Bands, after narrowing, are showing an opening pattern again, indicating that there is also space for bears. In the KDJ, the J value is close to 100, with KD above 50 continuing to rise. The RSI three lines are in the neutral zone moving upwards, and the MACD shows an increase in volume above the 0 axis, with the fast and slow lines likely forming a golden cross. The bullish space is expected to continue, and for short-term rebounds, we will continue to watch whether the EMA60 and EMA80 range can break through! Below, pay attention to the support from the middle band to the 3800 range; if it holds, you can consider entering long positions!
On the daily chart, the Bollinger Bands are narrowing again, with the lower band rising above yesterday's high, and the upper band pressing down close to 4100 and EMA30, with EMA60 overlapping. If the price continues to hold above the middle band, it will test the EMA10 and EMA15 (around the 4000 mark). The top to consider is the 4100 position; if entering short positions, be sure to defend against a breakout at this level!
Today's suggested short entry point for Ethereum: Light short above 3955, reserve for 4100, stop loss above 4150; target 3880-3810; if it breaks 3800, you can continue to hold until around 3720! Specific entry opportunities for short positions can be followed with real-time updates from Lihui!
Today's suggested long entry point for Ethereum: Light long below 3810, stop loss below 3700; target 3900-3950, if it breaks 3960-4000, you can continue to hold until around 4100!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Do not operate with heavy positions; please set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are unsure about trading, feel free to comment and leave messages! This article is exclusively published by (public account: Zhang Lihui) for reference only; risks are to be borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road is long and has no ending; I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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