12.17 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
I believe everyone has profited from the short positions set up by Lihui at 4010-4050 for Ethereum yesterday morning, as the intraday drop exceeded a hundred points. After the U.S. stock market opened last night, Ethereum reversed again and surged past the high point held since March, reaching above 4100. In this situation, I still have not set up long positions; I hope everyone understands the reasoning behind not chasing bullish trends without a deep pullback. Lihui would rather miss out than let everyone take unnecessary risks.
As we can see, last night the price of Ethereum reversed again in the support range of the 1-hour MA15 and lower band, breaking through the 4100 mark. The current market has entered a slight pullback and consolidation phase. The MACD is weakening above the 0 axis, and the fast and slow lines are converging, indicating a continued demand for price pullback. I have arranged light short positions above 4050, which can be held normally; there is enough room reserved for additional positions above.
On the daily level, the Bollinger Bands are opening, but the lower band is not rising and is instead heading down, about to coincide with the MA30, which can serve as a strong short-term support point. Therefore, the bearish target can also be seen here. The MACD is gradually reducing volume below the 0 axis, and the fast and slow lines are still converging, so we will continue to wait for the bulls to finish their move before looking for a reversal. The market cannot continuously stretch in one direction; Lihui reiterates that at current high levels, it is better to keep testing short positions rather than chasing highs. I hope everyone remains rational!
At 4:55 AM Beijing time on December 17, the suggestion is to continue testing short positions lightly above 4050; reserve for additional positions at 4150-4180, with a stop loss above 4200; target 3950-3890, and if it breaks below 3880-3850, you can continue to hold.
Continue to wait for real-time notifications from Lihui for low long entry opportunities!
The article review and push have delays, and 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 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 cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are unsure how to operate!
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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. Just as "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, 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 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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