Zhang Lihui, edited at 1:02 AM Beijing time on November 6: Today's Ethereum (ETH) market analysis and trading suggestions:
After breaking below 3400, Ethereum directly dropped to the vicinity of the daily MA300 position, which is around 3050 mentioned by Lihui yesterday. The light long position entry at 3215 laid out in the article was a bit early, but it is currently in profit. Unfortunately, it almost reached 3050 for a top-up! In the 4-hour chart, the lower Bollinger Band is closing upwards, and the current market has rebounded to the middle band position. The KDJ three lines are expanding upwards, with the J value approaching 80, and the RSI three lines are below 50 and moving upwards, indicating that the short-term bulls will continue to push higher. The MACD is continuing to shrink below the 0 axis, with the fast and slow lines converging. Therefore, we should continue to pay attention to the resistance at the intersection of EMA15 and MA15 above, while the first support below is around the 1-hour middle band at 3340.
In the daily chart, the candlestick is testing the current EMA300 position. If there is a second support during the day, it will further rise towards MA180 and EMA220 (3545). The KDJ and RSI three lines have successfully turned upwards from the bottom, indicating a potential corrective rebound in the short term. Therefore, everyone should patiently wait for the bullish space to complete before entering on a rebound. Lihui believes that the short-term bears may have already bottomed out, and the trend is changing. If you were blindly shorting, you might have missed the opportunity! It is recommended to focus on buying on dips!
Today's suggested short entry point for Ethereum: Light short above 3540, with a stop loss above 3600; target 3420-3340; if it breaks below 3300, you can continue to hold! Specific entry opportunities for short positions can be followed through Lihui's real-time updates!
Today's suggested long entry point for Ethereum: Light long below 3340, with a stop loss below 3270; target 3420-3470-3540! If it breaks above 3550-3600, you can continue to hold!
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. Please do not operate with heavy positions; ensure to set take profit and stop loss 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, 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. 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 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 glorious 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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