Zhang Lihui, edited at 1:54 AM Beijing time on October 27: Today's Ethereum (ETH) market analysis and trading suggestions:
The 1-hour Bollinger Bands for Ethereum are narrowing upwards, with the lower band already above 3950, higher than the low points of several days of fluctuations. Currently, the upper band shows signs of slowing upward movement, with the MACD's volume shrinking above the 0 axis, and the KDJ lines crossing downwards, indicating a short-term pullback intention!
The 4-hour Bollinger Bands are opening, with the K-line moving within the range of EMA180 and EMA220 showing a pullback. The KDJ and RSI lines are turning down from a high position, and caution is needed for short positions as the daily line shows downward divergence! Support below is seen at the middle band and EMA30 position!
On the daily chart, Lihui mentioned yesterday that breaking below EMA80 would consider the resistance at the top of EMA60. The market has just reached this position to form a pullback. If the short-term market continues to receive support, then a successful second test of EMA60 could push towards the MA60 position (4250)! Therefore, the entry point for short positions needs to be adjusted upwards!
Today's suggested short entry point for Ethereum: light short above 4110, stop loss above 4250; target 4050-3970; if breaking below 3950, you can continue to hold! 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 3970, stop loss below 3900; target 4025-4095, if breaking below 4000-4020, you can continue to hold!
There may be delays in article review and push notifications; the market changes rapidly. 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; enter with proper take profit and stop loss, 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. 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 baptism, staying true to your original intention. 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 work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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