Zhang Lihui, edited at 2:20 AM Beijing time on May 14: Ethereum Market Analysis and Trading Suggestions:
Yesterday, the bearish target for Ethereum successfully reached 2410, so everyone should understand why we need to take profits at this position. After waiting for a day, the evening CPI month-on-month and year-on-year rates both showed positive results, leading to a rise in Ethereum's price, which is currently challenging the previous high of 2624. From the 1-hour candlestick pattern, we are currently at a triple top position, and the upward momentum is strong. Breaking the previous high should not be a problem, so as long as we break the previous high, I would be more inclined to set up a bearish strategy, ensuring proper defense. As the lower and middle bands continue to rise, today's bearish target also needs to be adjusted upwards accordingly.
In the 4-hour chart, the Bollinger Bands show an opening pattern, with the lower band still approaching the EMA30 position, indicating that there is still space below. I hope everyone does not just look for bullish opportunities. The fast and slow lines are showing their first convergence, with a decrease in volume below the zero axis, which needs to be closely monitored. If the convergence successfully forms a golden cross, the market may face another upward adjustment. If it fails, a significant divergence may occur, so before that, I believe it is best to set up high shorts.
On the daily chart, successfully challenging the EMA300 requires attention to the previously mentioned MA180, MA220, and MA300 three-line resistance levels. This position is the best point for defense and additional positions.
Today's suggested short entry points for Ethereum are: 2650-2690; stop loss at 2750; targets at 2580-2510-2460;
For low long positions, you can enter in the 2450-2410 range. If the market comes down and continues to find support, the long potential can be seen at over 150 points. Specific trading opportunities can be consulted with Lihui at any time!
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. The suggested entry points in the article are for reference only; please do not operate with heavy positions. Always set stop-loss and take-profit levels, 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 BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are unsure about trading!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only; risks are to be 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, 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 trials, 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 filled with challenges and opportunities!
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