2.22 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Since the Bybit incident, the price of Ethereum has not experienced the significant drop that many anticipated. Instead, major players and large funds have continued to buy and support the market, reigniting hope! As you can see, the long positions set by Lihui at 2655-2620 have reached their take-profit points, and those who have exited can continue to wait for a pullback to buy!
In the 1-hour chart, the Bollinger Bands are once again trending upwards. If the evening candlestick falls to the lower band at EMA30 and forms a rebound, this can serve as the first support point. In the MACD, the volume is decreasing below the zero line, and the fast and slow lines are converging. If the convergence is successful and a golden cross forms, the long-standing defense at 2850 may be broken. Conversely, if the convergence fails, we may see a return to a range-bound oscillation!
In the 4-hour chart, the Bollinger Bands are also closing upwards, with the lower band rising strongly. The current candlestick is supported by the EMA120 and the middle band, so a pullback here can still serve as an entry point. The stop-loss should be placed between the lower band and EMA60, and if the upper band and EMA180 are broken, we can look towards the area above EMA220;
In the daily chart, the Bollinger Bands are opening, and there is a clear resistance from EMA30 above the current candlestick. This line has caused significant losses during the last short position, so we will see if it can be broken this week. The EMA15 below also provides clear support; the volume continues to increase above the zero line, and the low-level golden cross is still opening, indicating that bulls are gathering strength!
Today's trading suggestions from Lihui:
As of February 24, 1:14 AM Beijing time: It is recommended to take light long positions in the 2775-2755 range, with reserves for additional purchases at 2710-2680; stop-loss below 2670, target 2830; if it breaks above 2835-2855, hold until the 2910-2950 range and then consider reducing positions or opening shorts!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss levels when entering, and take profits when available!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. During my studies in the U.S., I have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. 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) for reference only, and the 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 intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a glorious future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey filled with challenges and opportunities!
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