Zhang Lihui, edited at 5:03 AM Beijing time on April 30: Today's Ethereum market analysis and trading suggestions:
Ethereum's intraday rebound has once again provided a short-selling opportunity. Lihui currently holds a short position above 1820, with a stop-loss set above the previous high. If it breaks, it will be a small loss! Many fans are confused by this wave of high-level consolidation. Lihui has mentioned in previous articles that as long as the attempt to break the previous high fails, it is possible to enter a short position. There is no need to fear if it is not a one-sided rally. It is evident that Bitcoin has failed to break through in several waves, and Ethereum is no different. There is nothing to be afraid of; just manage your stop-loss well and do not let market fluctuations affect your judgment! Big opportunities are always grasped by a few contrarians. Moreover, Lihui believes that the cost-effectiveness of shorting at this position is quite high! Finally, I hope fans will remember to set stop-losses when entering the market during the May Day holiday! Wishing everyone a happy time, and Lihui will always be vigilant to safeguard you!
The 1-hour candlestick chart for Ethereum showed another attempt to break above 1840 last night, followed by a pullback. Lihui has also set up a short position above 1820, which is currently being held. Those in profit may consider reducing their positions and moving the stop-loss above the previous high. Learn to use profits to set stop-losses! This will increase the probability of a significant drop after a high-level consolidation. Lihui has always believed that the downside space is larger than the upside. I wonder if everyone shares this thought. From the fast and slow lines, a death cross has formed again, with the opening expanding downward close to the zero axis. There has been an increase in volume below the zero axis, and the candlestick is aligned with the lower band, with the bearish trend continuing as expected!
The 4-hour Bollinger Bands channel has not changed significantly; the lower band is still above yesterday's low. However, the fast and slow lines have failed to converge again, showing divergence, and there is an increase in volume below the zero axis. If the morning close does not pull back to form a golden cross, there may be another significant drop in the coming days! If there is another rebound opportunity during the day, those who have not entered can still consider shorting as long as the previous high and the EMA300 position are not broken! It is not recommended to chase long positions at high levels!
Today's suggested short entry point: above 1840, with a stop-loss at 1870 and a target of 1770. If it breaks below 1760-1745, you can continue to hold until near the 1700 mark. Specific entry opportunities can also be adjusted based on the strength of the market rebound, looking for shorting opportunities based on the rebound's strength!
Be cautious when entering long positions; continue to wait for a deep pullback before entering. Specific operational opportunities can be seen in Lihui's real-time updates!
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 levels when entering, and take profits when they are available! The article is not easy to produce, and it is shared for free with fans. Thank you for your likes and support in sharing!
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 leave comments!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and does not represent any official position. There may be delays in article publication and review; the above points are for reference only, and risks are borne by the reader! May we always carry humility and courage in this complex cryptocurrency world, unafraid of challenges and daring to explore. Just as one travels thousands of miles, "The road is long and has no end; I will seek up and down." May we read thousands of books, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience storms, witness scenery, and gain insights into life. May you, under Lihui's guidance, receive advice and create value together. May we always remember the lessons learned from the market, stay true to our original intentions, and achieve our goals. In this wave of digital currency, let us hold onto our beliefs with Lihui, remain resilient, and forge ahead. May we, hand in hand, compose a brilliant future and share the joy of success. Let us gather in the dynamic world of digital currency, not waste our youth, and create brilliance together. Lihui wishes to embark on this investment journey filled with challenges and opportunities with you.
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