Zhang Lihui, edited on May 25 at 1:32 AM Beijing time: Ethereum Market Analysis and Trading Suggestions:
This weekend, the market has once again fallen into a range-bound fluctuation. The Ethereum candlestick has been operating around the 1-hour channel, currently approaching the upper boundary, but there are no obvious signs of a breakout. The EMA60 and EMA80 are forming short-term resistance, and a breakout here needs to see the MA60 position; on the downside, continue to pay attention to the support range of EMA180 and EMA220. A breakout would need to look down to the EMA300 position, which is also the low point from the 22nd and can be referenced as parallel support, as well as a low entry point for long positions. Although a low-level golden cross has formed, and there is an increase above the zero axis, the performance is still not strong enough, and short-term upward movement may face further resistance!
In the 4-hour chart, it can be clearly seen that the Bollinger Bands are significantly narrowing. Each time they narrow, it indicates the brewing of a major market movement. Therefore, today we need to pay attention to whether the middle band can break further. The upper high can focus on the upper band position, which also coincides with the 1-hour MA60 position; the lower band is also actively rising close to the low points from the previous days. Currently, the fast and slow lines at this level have formed a death cross, including the daily line as well, so the strategy can still maintain a focus on short positions.
Today's Ethereum short position suggestion: Light short above 2600; stop loss at 2660; targets at 2560-2520-2465; if it breaks 2460-2445, you can continue to hold; if stop loss is hit, you can continue to adjust to above 2700 and the previous high resistance to continue shorting;
For long positions, it is recommended to enter at the support of the 1-hour EMA300 position, which is the effective support range of 2445-2460, with a target of over 100 points to take profit freely! Specific entry opportunities can be followed in real-time updates from Lihui!
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with actual trading operations, with real-time notifications as the standard. The suggested 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 profit when it looks good!
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. I welcome comments and messages from those who are not familiar with trading!
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