Zhang Lihui, edited at 3:12 AM Beijing time on November 29: Today's Ethereum (ETH) market analysis and trading suggestions:
The 1-hour Bollinger Bands for Ethereum are trending downwards. The evening candlestick failed to break through 3100, resulting in a pullback. The MACD has successfully expanded below the 0 axis, with the fast and slow lines converging twice to form a death cross. The KDJ lines are approaching oversold territory, and the RSI lines show potential for an upward double test of previous highs.
On the 4-hour chart, resistance is encountered at EMA120, currently positioned at the middle band. Below, consider the dual support of EMA30 and EMA60. The KDJ lines are turning downwards, and the RSI lines are declining with the intention of forming a crossover, indicating bearish momentum; the MACD is contracting strongly, with the fast and slow lines forming a convergence. Future attention should be on whether a death cross can form.
On the daily chart, the upper Bollinger Band has reached 3134, which may create strong pressure in the short term. The middle band below could become a key support for bulls and can be used as a defensive point. Continue to monitor the upper band for downward pressure, and consider entering short positions if the pressure above 3100 is not broken.
Today's Ethereum short entry point suggestion: Light short above 3070, with a stop loss above 3135; target 3010-2960. If it breaks below 2950-2920, the short position can be held.
Today's Ethereum long entry point suggestion: Light long below 2960, with a stop loss below 2900; target 3020-3070! If it breaks above 3100-3035, it can be held! Specific entry opportunities for long positions can be followed through real-time updates from Lihui!
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 notifications should be prioritized. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss levels when entering, and take profits when favorable!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. 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! This article is exclusively published by (public account: Zhang Lihui) for reference only; risks are to be borne by the reader. May we remain humble and brave in the complex cryptocurrency market, 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 glorious 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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