Zhang Lihui, edited at 7:27 AM Beijing time on December 10: Today's Ethereum (ETH) market analysis and trading suggestions:
Ethereum has rebounded intraday, breaking the previous high of 3240 and approaching the 3400 mark. This round of breakout shows a strong bullish performance. The current market is pulling back near the 1-hour middle track position, with a weak contraction above the MACD zero line, and the fast and slow lines are converging, indicating a decrease in short-term bullish momentum and a risk of a death cross. The RSI has retreated from 92 to a low of 58, and the KDJ lines have turned downwards at the top, suggesting continued short-term pullback pressure. The upper track is also turning downwards, approaching 3460, but the middle and lower tracks of the Bollinger Bands are still rising, indicating that there is still a process of bottoming out. Lihui suggests focusing on the EMA30 and the lower track support area; if it holds, bullish positions can be taken, with a defense below the 4-hour middle track.
On the upside, continue to watch the daily EMA300 and the previous high position. Breaking through will test the MA60 and MA220 crossover pressure. If a strong breakout occurs, there could be further upward movement this week to the EMA120 and MA180 positions. The strategy can continue to wait for a pullback to go long! Pay attention to the crossover pressure of the daily MA60 and MA220 to participate in short positions! Currently, it is not recommended to chase high positions!
Today's Ethereum short entry point one: Light short above 3430, stop loss at 3500; target 3360-3310-3220; if it breaks 3200-3160, the short position can continue to be held;
Today's Ethereum long entry point one: Light long below 3220, stop loss below 3160; target 3290-3360-3430, if it breaks 3440-3460, it can continue to be held above 3500! Specific entry opportunities for long positions can be followed with real-time updates from Lihui!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. 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 when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. 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 market, 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 your 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 jointly 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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