Zhang Lihui edited on May 17 at 5:33 AM Beijing time: Ethereum Market Analysis and Trading Suggestions:
After waiting for a day, the short position for Ethereum has finally been reached. Lihui set up a short position above 2615 yesterday, and just now, profits were taken just below 2570, with fans who followed along already gaining 50 points+. Let's leave it at that for the weekend; the market is moving slowly, and there's nothing we can do! In fact, weekend market conditions generally don't provide much for analysis. Yesterday, it was also mentioned that the 4-hour Bollinger Bands might maintain a parallel consolidation channel, so we can continue to hold high sell and low buy positions; pay attention to the 4-hour upper band and the parallel pressure from the previous days to continue light shorting. On the downside, first look at the support position where EMA30 and the lower band coincide. As long as the key support of EMA30 and the lower band is not broken, it is possible to go long. Currently, the fast and slow lines on the 4-hour level continue to spread downwards, approaching the 0 axis. From the shape of the fast and slow lines, a divergence phenomenon has already formed again, so be sure to defend well against the main force that might suddenly plunge!
Today's Ethereum short entry point suggestion: above 2625; stop loss remains at 2690, as this position is the overlapping resistance of the daily MA180, 220, and 300 lines mentioned earlier; target 2565-2530; if broken, continue to hold 2520-2500; if stop loss is triggered, you can continue to adjust to near the 2738 high point resistance to short again!
For long positions, continue to pay attention to the 2500 key level, which is also the support area where the 4-hour EMA30 and the lower band coincide again. Target 50-100 can be taken freely! Specific entry opportunities can be followed with real-time updates from Lihui!
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 large positions. Please set take profit and stop loss when entering, and take profits when you see good results!
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 not familiar with trading, feel free to comment and leave messages!
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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 jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey full of challenges and opportunities!
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