Zhang Lihui, edited at 2:05 AM Beijing time on October 31: Today's Ethereum (ETH) market analysis and trading suggestions:
Yesterday, Lihui mentioned that the short target for Ethereum below 3750 was precisely reached. The market moved as expected, breaking below yesterday's low for the second time during the day. Currently, the daily lower band continues to extend downward, approaching MA180 (3654), which can be considered today's short target! From the daily chart of Ethereum, compared to Bitcoin, the overall performance is still relatively resilient. Bitcoin has already fallen below EMA200, while Ethereum still has 200 points of space to this position! Yesterday at the 3940 level, Lihui mentioned that there was still half of the space below that had not been completed, proving to be very accurate! Because the current KDJ and RSI have just reached 30, they are still continuing downward and have not entered the oversold zone, indicating that there is still space below. Therefore, do not rush to enter long positions; further adjustments are still needed! The MACD is showing a strong contraction above the 0 axis, approaching the 0 axis position, with the fast and slow lines converging, and the death cross seems inevitable. Thus, the strategy is clear: enter short positions on rebounds. Today's rebound high resistance can be seen at the EMA120 (3880) position, with the defensive position set above the middle track!
On the weekly chart, the market has just reached the lower band position, with the Bollinger Bands continuing to extend downward. The lower band is approaching the EMA30 position, and the MACD continues to expand below the 0 axis, with the death cross opening further. The KDJ and RSI three lines continue to spread downward in the middle and lower regions, indicating that the downward space will further extend! For those who have entered short positions at high levels, Lihui suggests reducing positions to take profits and holding. The rebound resistance level can continue to add positions and wait for the shorts to complete before considering entering long positions!
Today's suggested short entry point for Ethereum: light short above 3860, stop loss above 3950; target 3750-3655; if breaking below 3650-3600, 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 3655, stop loss at 3550; target 3730-3820!
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to 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. For those who are unsure about operations, 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. Just as "the road 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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