12.13 Zhang Lihui: After Ethereum's strong rally and liquidation, is it facing selling pressure and likely to experience another deep correction? What are today's short targets for ETH and where are the entry opportunities?

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1 year ago

12.13 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

Yesterday, Lihui mentioned the bullish target of 3960, which was reached as expected. The short positions set up in the 3920-3960 range are currently being held. Although the bulls are strong and it has been tough to hold, they eventually came down. Lihui has repeatedly reminded friends in the crypto community not to chase high prices, as it can easily become fuel! It can be seen that the Bollinger Bands on the 1-hour chart have opened up again, and the lower space is being tested again. The candlestick has already fallen below the EMA30 support; the MACD continues to expand below the 0 axis, and the fast and slow lines have not turned back but have formed a death cross again, extending the bearish trend. Currently, the EMA60-EMA300 multiple support lines below should be considered; if broken, it is advisable to reduce positions.

On the 4-hour chart, the upper Bollinger Band is closing down, and the candlestick is testing the middle band. The volume above the 0 axis is decreasing, and the fast and slow lines are starting to converge. It seems that if the middle band and the MA30 and MA60 cross support cannot hold, then the MA120 and the lower band range should be considered below. If the market moves down significantly and quickly during the day, the fast and slow lines will form a death cross again, leading to a deeper correction! The third support point is at the MA180 position, which is at 3506. Currently, it seems a bit far, but the possibility of the daily line closing in the red again cannot be ruled out, so it is recommended to gradually reduce positions after a break!

At 5:20 AM Beijing time on December 13, the editor suggests that the bearish targets for taking profits in batches are at 3830 and 3720; if the market rebounds again around the 3960 position, one can continue to enter the market, with the same targets as above, and can continuously test short positions lightly!

For long positions, as I mentioned yesterday, attention should be paid to entering if the 3680-3710 range does not break, with targets at 3820-3830-3940; specific entry opportunities can be based on Lihui's real-time notifications!

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 points in the article are for reference only; please do not operate with heavy positions. When entering, please set stop-loss and take-profit levels, 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. Friends in the crypto community who are unsure about operations are welcome to comment and leave messages!

Scan below to follow the author and add Lihui for more daily real-time strategies and free solutions!

This article is exclusively published by (WeChat Official Account: Zhang Lihui) and is for reference only; risks are 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 is long and has no ending; I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience 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 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 work hand in hand to create brilliance in this investment journey full of challenges and opportunities!

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