7.17 Zhang Lihui: Ethereum bulls break through, poised for a continued explosion targeting 3400? How should retail investors position themselves amidst fear of heights? Today's latest market analysis and operational reference for Ethereum (ETH)!

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5 hours ago

Zhang Lihui, edited at 0:56 Beijing time on July 17: Ethereum market analysis and trading suggestions:

In the 1-hour chart of Ethereum, a bullish divergence appears again in the evening with the fast and slow lines opening upwards. The bulls continue to rise, as expected, with a clear recent trend. A pullback to support can be followed by more buying. Currently, the KDJ and RSI at this level are entering the overbought zone, and the bullish momentum continues. Attention should be paid to the strong reversal when entering the overbought area in the short term!

In the 4-hour chart, the Bollinger Bands continue to open upwards, with the middle band support moving above 3100. The EMA7 closely follows the bottom of the candlestick and moves upwards. The KDJ and RSI indicate an impending overbought reversal, and there is a risk of a pullback. The fast and slow lines continue to show a golden cross, and bullish space remains. The strategy can still focus on low buying! The daily indicators are similar, with the candlestick pushing towards the February 1 high of 3335. Attention can be paid to the strength of resistance. If it continues to break, it will further open up bullish space to rise above the January consolidation high of 3450. This target can be monitored by fans in the coming days! Remember, do not easily enter long positions at high levels without a pullback, and do not blindly follow others' opinions!

Today's Ethereum long entry point suggestion 1: Buy below 3160; stop loss below 3100; target 3230-3310; if it breaks above 3320-3350, you can continue to hold;

Today's Ethereum short entry point suggestion 1: You can try to short above 3310, stop loss at 3350; targets 3250-3180-3120;

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, based on real-time notifications. 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. Friends who are not familiar with trading are welcome to comment and leave messages!

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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is 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 ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather 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!

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