Zhang Lihui edited on November 1 at 2:27 AM Beijing time: Today's Ethereum (ETH) market analysis and trading suggestions:
Ethereum has just rebounded to the daily EMA120 resistance, precisely triggering a high short entry. For those already in the market, Lihui suggests reducing positions and reserving space for additional purchases above! In the 1-hour chart, the Bollinger Bands are opening, and the candlestick is currently facing resistance at the middle band and EMA30. The KDJ is failing to move upward and is turning down again, while the RSI lines are weakly turning down. The MACD shows a contraction in volume above the 0 axis, with the fast and slow lines intending to form a death cross, indicating that the bearish trend will continue!
In the 4-hour chart, the upper Bollinger Band continues to press down, while the lower band remains parallel. The candlestick is blocked by the MA15 and the middle band range. Both KDJ and RSI show a downward turning pattern at high levels, and the MACD shows weak volume below the 0 axis, with the fast and slow lines exhibiting a top divergence. There is still space below, and entering a short position can defend the MA120 and the overlapping upper band position! The lower target can first look at the lower band near the 3700 position! If the weekend cannot hold yesterday's low, the market may further test the daily EMA220 (3540) position!
Today's suggested short entry point for Ethereum: light short above 3880, stop loss above 3970; target 3810-3700; if it breaks 3670, you can continue to hold! Specific entry opportunities for short positions can be followed with real-time updates from Lihui!
Today's suggested long entry point for Ethereum: light long below 3700, stop loss below 3610; target 3800-3870!
There may be delays in article review and push notifications, and 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 when entering, and take profits when favorable!
This
person, Lihui, interprets world economic news, analyzes global cryptocurrency trends, and has conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies during his studies in the U.S. For those who are not familiar with trading, feel free to comment and leave messages! This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. Just as "the road is long and has no ending, yet I will search high and low," 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 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 full of challenges and opportunities!
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