7.22 Zhang Lihui: Ethereum short pullback reappears! Is it a signal to lure shorts or a buildup for a rally? Today's latest market analysis and trading reference for Ethereum (ETH)!

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11 hours ago

Zhang Lihui edited on July 22 at 1:28 AM Beijing time: Ethereum Market Analysis and Trading Suggestions:

Ethereum's 1-hour K-line surged to the upper track at 3857 in the evening and then retreated to the current MA30 position. This position, along with the lower track, can serve as the first support zone. If it breaks, we can look down to the smaller trend line and MA60 support level. The mid-term moving averages still maintain an upward posture, and there is no need to panic about the short-term pullback. The MACD shows an increase in volume below the 0 axis, and the death cross is opening up again. The bears have a certain degree of pullback but not very large;

The 4-hour Bollinger Bands channel is narrowing upwards, and the K-line is currently retreating to the middle track, intending to continue to explore downwards. If it breaks, we can pay attention to the MA15 and lower track support zone. The MACD shows a death cross opening, and the volume below the 0 axis is also gradually increasing. The KDJ three lines are crossing downwards, and the RSI is similar. The bearish situation is intentional, but the price pullback is still very slow. Therefore, Lihui believes there may be a suspicion of a trap to induce shorts, and it is best to wait for stable key support!

Today's Ethereum suggested long entry point: Long below 3710; stop loss at 3640; targets at 3765-3810-3880; if it breaks above 3890-3900, you can continue to hold to see the stretching performance;

Today's Ethereum suggested short entry point: Pay attention to the selling pressure above 3900 for entry opportunities. Remember to take profits and not be too greedy when catching shorts! Specific entry opportunities for short positions can be followed with real-time updates from Lihui!

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 real-time notifications should be the standard. 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, and take profits when available!

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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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and is for reference only; risks are 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 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 jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!

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