Zhang Lihui, edited at 4:59 AM Beijing time on October 3: Today's Ethereum (ETH) market analysis and trading suggestions:
The 1-hour Bollinger Bands for Ethereum are narrowing upwards. After reaching a high of 4516 in the early morning, the market has pulled back. The KDJ and RSI indicators are turning down from high positions, currently forming a downward crossover. The MACD is contracting above the 0 axis, with the fast and slow lines converging. There is still a need for a short-term pullback, with attention on the lower band and the EMA30 support area!
The 4-hour Bollinger Bands are also narrowing, with the upper band pressing down below the early morning high, while the lower band continues to rise. The KDJ is turning down in the overbought zone, and the RSI is also moving down. Attention should be paid to the support area where the middle band and EMA10 overlap!
On the daily chart, Lihui mentioned yesterday that breaking the upper band at 4360 would challenge the second resistance at the September 22 high (the next high resistance is above 4600 on the 19th). After the KDJ and RSI entered extreme overbought territory, the market has indeed entered a phase of explosive growth. I wonder how many of you have benefited from this wave? The daily level has successfully formed a golden cross, and Lihui still suggests that if entering a short position, it should be done with a light position, focusing on low buys during pullbacks!
Today's suggested short entry point for Ethereum: light short above 4500, with a stop loss above 4600; target 4440-4380; specific entry opportunities for short positions can be followed through Lihui's real-time updates!
Today's suggested long entry point for Ethereum: light long below 4380, with a stop loss below 4300; target 4460-4510-4580, and if it breaks above 4610, you can continue to hold;
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, with real-time notifications as the standard. The suggested entry points in the article 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 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 unsure about trading, feel free to comment and leave messages! This article is exclusively published by (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 your strengths and avoid weaknesses, create value, and remember the market's trials, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us join hands and move forward together in this investment journey filled with challenges and opportunities, creating brilliance together!
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