Zhang Lihui, edited at 1:44 AM Beijing time on November 2: Today's Ethereum (ETH) market analysis and trading suggestions:
Ethereum's price rose to 3900 during the day and then pulled back, precisely triggering the short position set above 3880 yesterday. The Bollinger Bands on the 1-hour chart are extremely narrow, with the upper band pressing down below the evening high. The KDJ indicator is tightly bound at a high level and is diverging downwards again. The RSI is converging downwards in the neutral zone, and the MACD shows a contraction in volume above the 0 axis, with the fast and slow lines testing to form a death cross. If the lower band is broken, we can continue to look down!
On the daily chart, the key resistance is at the middle band and the MA15 key resistance. If it cannot successfully stabilize above the EMA120 during the day, it will still form a pullback to the lower band. The MACD shows weak volume above the 0 axis, and the fast and slow lines are likely to escape the death cross situation. The KDJ's three lines are weakly turning down, which may continue to decline! The strategy remains focused on shorting during rebounds!
Today's suggested short entry point for Ethereum: Light short above 3900, stop loss above 3970; target 3840; if it breaks 3830-3800, you can continue to hold until around 3720! Specific entry opportunities for short positions can be followed through real-time updates from Lihui!
Today's suggested long entry point for Ethereum: Light long below 3720, stop loss below 3650; target 3800-3880, if it breaks 3820-3850, you can continue to hold!
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 notifications should be prioritized. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please set take-profit and stop-loss levels when entering, 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. For those who are not familiar with trading, feel free to leave comments! This article is exclusively published by (public account: Zhang Lihui) for reference only; risks are to be 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 your 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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