Zhang Lihui edited on July 25 at 1:27 AM Beijing time: Ethereum Market Analysis and Trading Suggestions:
It can be seen that the Ethereum candlestick broke the mid-track of the 4-hour chart in the evening, reaching the upper track and forming an upper pin. The current candlestick is located below the upper track, and the upper track is pressured below last night's high of 3772, indicating that the upper track continues to face resistance. The current Bollinger Bands channel at this level continues to move downward, and the short-term pullback trend has not changed. It is advisable to maintain a high short position. What needs attention is that the fast and slow lines are showing signs of convergence near the dead cross at the 0-axis position. One should guard against a strong stretch after the golden cross forms. If the fast line diverges from the slow line again, a larger pullback may continue to unfold! The KDJ three lines are about to enter the overbought zone and turn down, while the RSI three lines are turning down. The first support below focuses on the mid-track and EMA30 position. After breaking through, it can continue to hold near the lower track position; the EMA60 and MA60 below the lower track continue to rise, which may form support in the short term around yesterday's low point. Therefore, this week's market may continue to operate around the 4-hour channel, and the low long position can refer to the lower track and the support range of the moving averages below for entry.
Today's Ethereum short position suggestion: Short above 3740, stop loss at 3810; targets at 3655-3610-3565;
Today's Ethereum long position suggestion: Long below 3560; stop loss below 3500; targets at 3650-3750; if it breaks above 3770-3790, it can continue to hold; specific entry opportunities for long positions can be followed with real-time updates from Lihui! Attention should be paid to the strong support at the 4-hour lower track before entering!
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; 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 cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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