Zhang Lihui edited on November 11 at 2:27 AM Beijing time: Ethereum Market Analysis and Trading Suggestions:
The 1-hour Bollinger Bands for Ethereum are trending downwards, with the upper band pressing below yesterday's high. The candlestick has rebounded upwards again in the early morning, supported by the EMA180 and EMA60 range. The energy below the 0 axis in MACD is contracting, and the fast and slow lines are converging. The KDJ and RSI three lines are all turning upwards from the bottom, indicating that there is still potential for a short-term bullish rebound. In the short term, pay attention to the mid-band and EMA300 resistance above; if broken, continue to look at the upper band and the vicinity of yesterday's high!
In the 4-hour chart, the Bollinger Bands are converging, with the upper band touching the EMA120 before converging. This may form pressure in the short term, and a second pressure during the day can be seen as an opportunity to enter short. Currently, the candlestick is rebounding with support from the EMA15 and EMA30 range. The volume above the 0 axis in MACD is contracting, and the fast and slow lines are converging. This is the fourth convergence since coming from 3055, and its success is worth paying close attention to. The RSI three lines are converging and turning! It seems that the support below the 3500 level is indeed very strong. Lihui suggests that if the support does not break during the day, you can continue to enter long!
On the daily chart, the candlestick has reached the MA15 position for a pullback, currently located at the mid-band position, which is expected to stabilize. The volume below the 0 axis in MACD is contracting and approaching the 0 axis position, with the fast and slow lines converging, waiting for a golden cross. The KDJ three lines are crossing and continuing upwards, with the current J value at 63 indicating that there is still space above! The RSI three lines are oscillating upwards below 50. This week’s significant rise still requires continued attention to whether the market can successfully retest the MA15! If broken, we can see the EMA30 (3785) - MA120 (3856) range. If the upward attempt fails, we can plan to enter short!
Today's Ethereum short entry point suggestion: Light short above 3650; stop loss above 3700; target 3580-3520; if broken, look at 3515-3485 and continue to hold. If it directly breaks above yesterday's high, the short entry point needs to be adjusted!
Today's Ethereum long entry point suggestion: Light long below 3515, stop loss below 3450; target 3580-3650; if broken at 3670, you can continue to hold! Specific entry opportunities for long 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 actual trading operations, and real-time notifications should be prioritized. The suggested entry points in the article are for reference only; please do not operate with heavy positions. When entering, please set take profit and stop loss, 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. I welcome comments and messages from those who are not familiar with trading!
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