2.20 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
The short position set by Lihui yesterday for Bitcoin at 96000-96600 remains valid, with stop-loss and target points unchanged. Those who have entered the market can continue to hold; it has been a while since the last update on Ethereum, and many old followers have been asking. Due to the challenges posed by Solana's transaction speed and low costs, Ethereum has seen a decrease in market share, leading to investor concerns about its market, which has resulted in the price of the coin struggling to rise. This has become particularly evident since the Trump family increased their holdings in SOL; the issuance of other coins on the Ethereum chain has also been quite lackluster. In the short term, Ethereum may continue to experience a downward oscillation channel. This does not mean that Ethereum is completely finished; after all, the initial faith in it still exists. I believe Ethereum will continue to innovate, enhance its performance, and improve ecological stickiness and institutional recognition, regaining long-term investment value!
From the 1-hour chart, after failing to break through the EMA300 position last night, Ethereum has once again retreated below the current middle track. It can be seen that the upper track and EMA300 form a clear resistance, while the lower track is opening downward. The fast and slow lines are showing a severe convergence, and the volume has significantly decreased, approaching the 0-axis position, with a death cross imminent;
The 4-hour Bollinger Bands channel shows no significant expansion, appearing as a parallel range. The K-line is also under pressure from the upper track and EMA80. Therefore, a short position can be set up near the EMA80 position, with the stop-loss placed above the EMA120 position. The lower target should first look at the break of the middle track to the lower track position. Throughout the day, continue to observe whether the lower track shows significant expansion, then consider short targets and short-term long positions;
Today's trading suggestions from Lihui:
At 2:20 AM Beijing time on February 20, the suggestion is to short in the 2720-2750 range, with a stop-loss at 2795 and a target of 2680-2630. If it breaks below 2620-2600, you can continue to hold; otherwise, go long! If the stop-loss is hit, it can be adjusted to the previous high range of 2840-2820 to continue shorting!
There may be delays in article review and push notifications; market conditions change rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications should be prioritized. The suggested points in the article are for reference only; do not operate with heavy positions. Please set stop-loss and take-profit levels when entering the market, and take profits when they are available!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are unsure about trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) and is for reference only; risk is 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 ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's trials, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us join hands and move forward in this investment journey filled with challenges and opportunities, creating brilliance together!
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