Zhang Lihui, July 28, 1:35 AM Beijing Time, Editor: Ethereum Market Analysis and Trading Suggestions:
In the 1-hour chart of Ethereum, the evening candlestick formed an upward spike after being supported by the middle band, but it did not break through the high point from the 21st. Currently, it continues to retrace to the middle band position. The Bollinger Bands are narrowing, and the KDJ three lines are crossing downwards from the overbought area, indicating a risk of a pullback. The RSI three lines are in the upper-middle area, suggesting that the bulls may continue to oscillate. The MACD's fast and slow lines are narrowing again, potentially forming a death cross. Attention should be paid to the strength of the volume below the zero line after the death cross. From the overall situation of the current market, bullish momentum still exists, and it is advised to take short positions without being too greedy! Focus on the narrowing position of the lower band!
In the 4-hour chart, the Bollinger Bands are expanding, indicating that a significant market movement is about to occur. Watch whether the middle band can provide support again; if it fails, high positions can continue to hold until the lower band coincides with the EMA30. The KDJ three lines are also crossing downwards from the overbought area and are expected to diverge, and the same goes for the RSI three lines. Although the MACD's golden cross is still opening, Lihui believes that as it approaches the previous high, it is advisable to continue to test short positions with light positions, and it is not recommended to chase long positions at high levels! Historically, failed second attempts to reach new highs often face significant pullbacks, so it is better to take small losses by testing short positions rather than entering long positions at high levels! I hope fans can take this advice to heart and not listen to those promoting Ethereum to $5000 or $10000. After so many years, if it were going to rise, it would have done so by now! When facing critical pressure, enter decisively; if wrong, take a small loss, and if right, hold on. Trading is that simple!
Today's Ethereum short position suggestion: Short lightly above 3840, stop loss at 3920; target 3770-3720; if it breaks 3715-3700, you can continue to hold until around 3630!
Today's Ethereum long position suggestion: Long below 3720; stop loss below 3650; target 3780-3850; if it breaks 3860, you can continue to hold until above 3900; specific entry opportunities for long positions can be followed with real-time updates from Lihui! Continue to pay attention to the strong support at the lower band position on the 4-hour chart before entering!
There may be delays in article review and push notifications; market conditions change 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 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 BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are not familiar with trading, feel free to leave comments!
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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 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 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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