Zhang Lihui, edited at 0:42 AM Beijing time on June 10: Ethereum market analysis and trading suggestions:
Ethereum has currently formed a consolidation after reaching yesterday's high in the 1-hour chart, pulling back to the middle track support with intentions to rebound. It can be seen that the upper track continues to rise, approaching the four lines mentioned by Lihui yesterday: MA300, MA380, MA450, and MA500. The MACD has been unable to drop below the 0 axis while reducing volume, indicating that the bulls are still strong. Lihui's bullish strategy laid out yesterday remains valid.
The 4-hour fast and slow lines have shown the expected bottom divergence, with the fast line approaching the 0 axis. The K-line is impacting the MA180 and MA120 range, and the current level MACD continues to increase above the 0 axis, with the golden cross opening continuing to expand. Short-term bullish momentum is steadily rising, and we will continue to watch whether the upper trend line can be effectively broken. Therefore, today, we can first focus on the support position where the middle track intersects with MA30 during the pullback. It is important to note that the lower track continues to approach the MA220 position. Currently, there is a continuous inflow of main funds into Bitcoin, but we also need to guard against the risk of sudden sell-offs!
In summary, we continue to suggest that the main strategy is to enter low on pullback support, and to lightly short at high resistance!
Today's suggested long entry points for Ethereum: Long below 2520; stop loss at 2470; target at 2570-2620; if it breaks 2630-2650, you can continue to hold;
For short positions, pay attention to the daily EMA300 and MA300 key resistance levels for entry. Specific entry opportunities need to be adjusted based on real-time market changes, and you can follow Lihui's real-time updates!
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with actual trading operations, with real-time notifications as the standard. The suggested points in the article are for reference only; please do not operate with heavy positions. Always set take profit and stop loss levels, 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 cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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May you, under Lihui's guidance, leverage your 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 together compose a brilliant 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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