Zhang Lihui, edited at 1:34 AM Beijing time on October 22: Today's Ethereum (ETH) market analysis and trading suggestions:
Ethereum's intraday low buy was accurately positioned below 3880, maintaining slight fluctuations during the day before a direct surge to 4100 in the evening, perfectly capturing profits on long positions! Currently, after a rise, there has been a rapid pullback following the 4-hour EMA120, and the upper Bollinger Band is also clearly narrowing. The K-line has directly dropped to the current middle band and EMA30 position, indicating that the bullish trend may be short-lived! However, Lihui advises against chasing after repeatedly overbought conditions. The KDJ and RSI indicators are also turning downwards, and we will see if they can reverse the death cross again. If the support below the current middle band fails, it may further decline to challenge the 3800 level!
The good news is that the daily line is also narrowing, with the lower band quickly approaching 3780, so it is essential to manage risk when going long! The current range to consider is between 3800 and 4150, with the upper focus on the overlapping resistance of EMA30 and EMA60, and the lower on the daily lower band and previous low range. We will continue to wait for the fast and slow lines to converge; it should be about done by the end of this week! On the weekly chart, Lihui has previously mentioned that the opening of the death cross has not changed, theoretically making high shorts the safest option. Therefore, fans should not rush to go short; it is best to take profits when they see gains!
Today's Ethereum short selling suggestion: Light short above 4140, stop loss above 4250; target 4050-3980; if it breaks 3970, you can continue to hold! Specific entry opportunities for short positions can be followed through Lihui's real-time updates!
Today's Ethereum long buying suggestion: Light long below 3980, stop loss below 3900; target 4060-4140, if it breaks 4150-4180, you can continue to hold!
There may be delays in article review and push notifications; 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 you see gains!
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 not familiar with trading, feel free to leave comments! This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risk is 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 your 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 join hands and move forward in this investment journey filled with challenges and opportunities, creating brilliance together!
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