Zhang Lihui, edited at 1:46 AM Beijing time on December 2: Today's Ethereum (ETH) market analysis and trading suggestions:
Ethereum has broken below the key support of the daily midline, with the market directly retreating close to 2700. The current bearish momentum remains strong, testing the lower boundary of the daily line. If 2700 continues to break down, it will further retreat to the lower boundary of the two-day line around 2665, which is also close to the previous low before the last significant drop. The 2620-2600 range can serve as a short-term long defense point; if it breaks, it will directly hit the weekly MA220 and MA220 range of 2560-2530, or even lower.
Therefore, the short-term strategy remains bearish without chasing, patiently waiting to enter high short positions on rebounds. Attention can be paid to the resistance levels of the 4-hour EMA7 and EMA10, with the midline serving as strong resistance for bulls and a defense point for bears. The lower boundary of the Bollinger Bands on the 4-hour chart has already reached 2678, and the K-line continues to extend towards the lower boundary. The MACD shows strong volume below the 0 axis, with the fast and slow lines forming a second divergence, which is a clear signal of a strong bearish trend. However, both KDJ and RSI show oversold conditions. Lihui suggests that under a bearish trend, one should adhere to the principle of not breaking without establishing, and not building positions without a rebound to achieve ideal returns!
Today's suggested short entry point for Ethereum: Light short above 2830, stop loss above 2900; target 2750-2665; if it breaks 2650-2620, the short position can continue to be held down to below 2560.
Today's suggested long entry point for Ethereum: Light long below 2665, stop loss below 2600; target 2750-2800; if it breaks, look for 2850-2900. Specific entry opportunities for long positions can be followed through Lihui's real-time updates!
There may be delays in article review and push notifications; the market changes rapidly, and 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; please avoid heavy operations, and ensure to set take-profit and stop-loss levels when entering, taking 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. For those who are not familiar with trading, feel free to leave comments! 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 on this investment journey filled with challenges and opportunities!
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