Zhang Lihui, edited at 2:00 AM Beijing time on October 26: Today's Ethereum (ETH) market analysis and trading suggestions:
The 1-hour K-line of Ethereum encountered resistance at the upper track during yesterday's rebound, forming a pullback situation again. It is currently located at the overlapping position of EMA30 and EMA180. From the MACD's volume pattern below the 0 axis, a bearish trend exists, and a death cross has formed, continuing to open downwards. Both KDJ and RSI are diverging downwards and have not yet approached oversold conditions! If the market further challenges the support of the EMA120 and EMA80 dual lines and fails, it will likely drop below 3900.
Thus, the pressure is on the lower track position of the 4-hour chart. The current Bollinger Bands channel at this level is still in a contraction pattern, and the market is moving slowly. We need to continue observing the strength of the MACD's contraction above the 0 axis. The KDJ is currently in a downward three-line pattern and has not yet entered oversold territory, indicating that there is still space below.
On the daily chart, the key support is at the EMA120 and the mid-band range. If it cannot hold, it will drop to the lower track (below 3800). The key resistance zone above was mentioned yesterday, in the 4000-4050 range. If the daily line closes with a bearish candle, the upper track will be under pressure, marking the high point of this round, which will form a pattern of consecutive bearish days. Additionally, if the daily line fails to contract again, a significant bearish trend will re-emerge! Of course, if the daily line successfully contracts, a breakout will occur, so if entering a short position, be sure to defend well. If it breaks the EMA80, continue to observe the resistance at the EMA60 top!
Today's Ethereum short entry suggestion: Light short above 3960, stop loss above 4116; target 3920-3870; if it breaks 3850, you can continue to hold until below 3800! Specific entry opportunities for short positions can be followed through real-time updates from Lihui!
Today's Ethereum long entry suggestion: Light long below 3850, stop loss below 3750; target 3900-3960, if it breaks 3995-4030, you can continue to hold until around 4090!
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. 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. For those who are not familiar with trading, feel free to comment and leave messages! 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 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, experience 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 in this investment journey full of challenges and opportunities!
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