Zhang Lihui edited on June 12 at 1:09 AM Beijing time: Ethereum market analysis and trading suggestions:
It can be seen that Ethereum has surged to the level mentioned by Lihui yesterday, breaking the daily MA380, which will reach the MA450 and MA500 range. The K-line is also approaching MA500, forming a slight pullback. For those who have entered long positions, it is advisable to take profits and hold the position; the strategy remains unchanged. In the short term, the approach is still to enter on dips. Remember not to chase long positions at high levels; do not enter the market if the trend does not reverse. It is better to miss out than to make a wrong move! Therefore, we can still consider light long positions near the MA380 support level, with a stop loss at the MA220 level. Yesterday's daily line closed positively, and the fast and slow lines formed a golden cross, which Lihui also reminded to pay attention to. I hope everyone did not short the market! As for the upper levels, there is no need to blindly guess the top. Today, let's first observe the liquidation price of the whales. If there is a strong upward stretch, we need to consider the low point from January 27, which is also the lowest daily K-line after breaking 2900, and is at the 3000 level; still, the same advice applies: even though Ethereum is currently showing strong bullish performance, remember to enter with light positions and maintain good defense. For the situation where Ethereum stretches independently, there may be risks of selling at any time!
Recent data is quite interesting. Bitcoin has shown significant selling phenomena, with major funds shifting to Ethereum, leading to another one-sided upward trend for Ethereum. Since the last high position long by James Wynn was liquidated, there are now whales going long on Bitcoin. Is this the reason it can't go up? Additionally, Ethereum whales are shorting, with the current liquidation price above 2930. To be honest, it's quite disgusting, as it clearly aims for stop losses. Therefore, everyone should avoid being swept out at this price level. The game between G funds and whales is fierce, and retail investors must remember not to participate with heavy positions; it is crucial to protect the chips in hand.
Today's Ethereum long position suggestion: light long in the 2780-2730 range, which is also above the previous high point of the fluctuation; stop loss at 2690; target 2860-2930; if it breaks 2940-2950, you can continue to hold until near the 3000 level.
For short positions, pay attention to the resistance at the 3000 level and enter with light positions for testing. The space and specific entry opportunities need to be adjusted based on real-time market changes. You can follow Lihui for real-time updates!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with actual operations, and real-time notifications should be prioritized. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take profit and stop loss 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. For those who are unsure about trading, feel free to comment and leave messages!
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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 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 filled with challenges and opportunities!
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