Zhang Lihui, edited at 9:55 AM Beijing time on April 26: Ethereum market analysis and trading suggestions:
Lihui's layout for Ethereum yesterday provided limited downward short positions during the day, coinciding with Bitcoin's repeated upward stretches. Fortunately, Ethereum did not break through the previous high to trigger stop losses, and its rise remains weak. Last night, the opening price was adjusted again, and small market movements can only yield small profits; unfortunately, it’s the weekend again! Despite Bitcoin repeatedly breaking previous highs, Lihui still does not recommend chasing Ethereum long! Following the decline rather than the rise has been the case for a while now; fans should have a general understanding of this, right? In fact, positions close to the previous high are the best for shorting, with stop losses placed above the previous high of 1838, which can generally achieve small losses with large gains.
In the 1-hour chart, the candlestick has formed a fluctuating upward channel, but the coin price has not broken through the previous high. Currently, as it continues to approach yesterday's spike high, one can continue to lay out short positions at the fluctuating high and previous high positions. The support strength can be monitored at the trend line between 1770-1760; the fast and slow lines are still hovering between a golden cross and a death cross. Both KDJ and RSI show a three-line golden cross pointing upwards, indicating a short-term demand for a rebound, and since a rebound is given, it presents a shorting opportunity!
In the 4-hour candlestick, the current price is under pressure from the middle track, MA300, and the previous high range. If Bitcoin continues to break upwards during the day, it cannot be ruled out that Ethereum may break through the previous high. If it breaks, we need to see the EMA300 near the position (1879). However, Lihui believes the probability of a breakout is very low; just ensure to set stop losses for shorting! If it breaks, adjust the opening price based on market strength, and if it drops, just take profits normally! The fast and slow lines are still diverging in a death cross, and the volume below the zero axis is balanced, so we can wait for the downward space to explode!
Today's suggested short entry point: continue to lightly short in the range above 1815, with a stop loss unchanged at 1840, targeting 1770-1735; if it breaks through the 1730-1700 level, you can continue to hold until around 1680!
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 entry points in the article are for reference only; please do not operate with heavy positions. When entering, please set take profit and stop loss, 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. Friends who are unsure about trading are welcome to comment and leave messages!
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