Zhang Lihui, edited at 7:08 AM Beijing time on December 31: Ethereum Market Analysis and Trading Suggestions:
The price of Ethereum encountered resistance again at 3010 in the evening, pulling back and forming a long lower shadow in the range of the 1-hour MA120 and MA180 dual lines. Currently, the Bollinger Bands are narrowing upwards, with the lower band rising close to the evening low and the MA180 position, indicating that the bottom has been raised again. However, the current KDJ and RSI have successfully turned upwards from the bottom, suggesting the possibility of further upward movement. The MACD is shrinking below the 0 axis but is not very strong; the fast and slow lines are still diverging without converging. It is recommended to go long near the support of the MA180 and MA120 dual lines on a second test!
The upper target continues to look at the intersection of the 4-hour upper band and MA220 as the first resistance level. If the MA300 and EMA220 range is broken, a phase of upward movement can be expected. If the MA300 and EMA220 range is difficult to break, consider re-entering a short position! The daily indicators also continue to show a bullish pattern, but the coin price has not stabilized above the middle band, and with the Bollinger Bands narrowing, the market movement will not be significant. Long-term bulls should pay attention to the overlapping position of MA60 and the upper band as top resistance!
Today's Ethereum short entry point suggestion 1: Light short above 3020; stop loss at 3070; target at 2955; if broken, look for 2950-2930 for further downside!
Today's Ethereum long entry point suggestion 1: Light long below 2955; stop loss at 2905; target at 3020! If broken, hold from 3030-3060 to above 3110. 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, 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 set take-profit and stop-loss orders 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. I welcome comments and messages from those who are not familiar with trading!
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