Zhang Lihui, edited at 00:03 Beijing time on June 7: Ethereum market analysis and trading suggestions:

Yesterday, Ethereum broke below 2400 intraday and formed a corrective rebound to the current 4-hour mid-band position. It is evident that the candlestick is being hindered by the EMA10, 15, 30, 60, and 80 moving averages overlapping above the mid-band; the current level of the Bollinger Bands continues to trend downward, with the lower band not rising during the intraday rebound trend. The mid-term EMA indicators remain in a weak state, and there is significant pressure, requiring further accumulation of bullish momentum to digest the resistance. In the long-term trend, bears hold a certain advantage; the MACD momentum bars below the 0 axis are shortening, and attention should be paid to the closing speed and whether the DIF and DEA can form a golden cross again and the possibility of a second divergence. The RSI value hovers around 40 and rises slowly, indicating a short-term weakness but potential for a rebound, though it has not entered a strong area. The KDJ indicator has formed a low-level golden cross, showing initial bullish signs but overall remains weak, requiring attention to the sustainability of the rebound's strength. Therefore, the short-term rebound's sustainability may be limited, with a high probability of a second pullback. The market is currently in the early stage of a short-term rebound and has not formed a clear reversal trend, so the strategy remains to hold short positions during the rebound, and one can decisively test positions upon seeing pressure signals.

Today's Ethereum short-selling suggestion: Lightly short in the 2520-2560 range; reserve the 2660 position for additional purchases, with a stop loss at 2700; target 2450-2400; if it breaks 2380, you can continue to hold near the daily EMA60, which is around the 2310 position.

For long positions, focus on the previous low and the 2400 key support for re-entry, with a target of over 50 points to take profit freely, but do not be too greedy! Specific entry opportunities can be followed through real-time updates from Lihui!

There may be delays in article review and push notifications; market conditions change rapidly, and specific entry opportunities must be combined with real-time operations. The suggested points in the article are for reference only; do not operate with heavy positions. Please 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. I welcome comments and messages from those who are not familiar with trading!

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This article is exclusively published by (WeChat public 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 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 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 on this investment journey filled with challenges and opportunities!

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