5.12 Zhang Lihui: Ethereum 2600 peak accurately hit! Is a significant pullback likely due to the high position death cross? Today's (ETH) market analysis and trading reference!

Zhang Lihui, edited at 7:15 AM Beijing time on May 12: Ethereum Market Analysis and Trading Suggestions:

Yesterday, Lihui's article accurately hit the bullish target of 2600. This morning, it just touched the daily EMA300 position, forming a pullback. Short-term signals have shown a correction, so EMA300 may form a new peak. Those who shorted at high positions can continue to hold and patiently wait for the next interval's pullback low; the 1-hour candlestick has shown a fluctuating downward trend, with highs continuously decreasing, and the fast and slow lines have not successfully converged. The volume below the zero axis remains, indicating further pullback demand. Therefore, we can consider whether the EMA60 and EMA80 range can effectively support before considering re-entering long positions. From the Bollinger Bands' channel shape, the likelihood of maintaining fluctuations during the day is high. For those who have not entered yet, a light short position can be considered above the upper track, with the stop-loss set above the previous high.

The 4-hour fast and slow lines have also formed a high-level death cross again. Currently, the volume below the zero axis is not very strong, so this week we need to pay attention to the support situation below. The current level needs to look at the lower track and EMA15 position; if it breaks, we need to continue looking down to the EMA30 position. Additionally, as mentioned earlier, the weekly line has not successfully converged to form a golden cross, so before a deep pullback occurs, I hope everyone does not blindly chase long positions. As for Bitcoin, it is much simpler; the fluctuating high point above 104500 has already arranged for a light short entry. After waiting for a few days, I still took action, with the stop-loss set above the previous high, accepting a small loss if it breaks, and waiting for the bulls to clear a significant pullback! Remember, do not chase Bitcoin at high positions!

Today's Ethereum short entry suggestion: light short above 2535, stop-loss above 2605; target 2460-2410; if it breaks 2400-2380, you can continue to hold down to below 2300;

For long positions, pay attention to the support situation at the 2400 level! Specific trading opportunities can be consulted with Lihui at any time!

There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please 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 BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are unsure about trading, feel free to leave comments!

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This article is exclusively published by (WeChat Official Account: Zhang Lihui) 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 is long and has no ending; I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience 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 intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly 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!

Warm reminder: The above content is solely created by the author of the official account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading!

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