Zhang Lihui, edited at 5:56 AM Beijing time on July 15: Ethereum market analysis and trading suggestions:
Yesterday, Ethereum surged to 3050 before forming a pullback, which coincidentally landed right at the upper band of the 1-hour chart and was directly pressed down in the evening. This sudden pressure caught the bulls off guard. It can be seen that the candlestick has hit the EMA60 three times, forming a rebound, indicating that the support between EMA60 and EMA80 is quite strong. Currently, the candlestick is continuing to push towards the middle band, with the fast and slow lines converging, and the volume below the zero axis is still weak. The KDJ and RSI three lines have touched the oversold area and are turning upwards, indicating that a convergence is about to form, and the bulls are expected to continue!
On the 4-hour level, the Bollinger Bands continue to converge upwards, with the candlestick forming a support rebound between the middle band and EMA15. The lower band is rising and continues to overlap with MA30, which can serve as a defensive point for long positions today. From the perspective of medium to long-term moving averages, the trend is currently upward. Although the fast and slow lines have diverged twice, the volume below the zero axis remains weak, and the KDJ is not showing strong divergence at high levels. The RSI is leaning towards bullish sentiment and is currently turning upwards. Continue to pay attention to the candlestick as it stabilizes at the middle band and further pushes towards the upper band and yesterday's high!
Today's Ethereum long position suggestion: Buy below 3000; stop loss at 2940; target 3050-3080; if it breaks above 3085, you can continue to hold above 3100;
Today's Ethereum short position suggestion: Sell above 3150; stop loss at 3205; target 3090-3030-2980; if it breaks below 2975-2950, you can continue to hold;
There may be delays in article review and push notifications, and the market is ever-changing. 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; always set take profit and stop loss levels, and take profits when available!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. 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 unsure about trading, feel free to comment and leave messages!
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