7.8 Zhang Lihui: Dong Wang calls for a reversal of the long and short pattern! Can Ethereum's daily key resistance be broken for a major rise? How should ETH be positioned today?

CN
2 hours ago

Zhang Lihui 168118 Beijing time July 8, 2026, 1:02 AM Edited: Ethereum market analysis and trading suggestions:

Ethereum has bounced back multiple times from the 1-hour chart MA120 position, forming support. Currently, the Bollinger Bands are contracting and expanding; the upper band has risen close to yesterday's high. The MACD shows an increase in bullish momentum below the 0 axis, with the fast and slow lines crossing back for a golden cross and continuing upward. The KDJ and RSI have turned upward and are approaching the overbought area. Lihui believes there is a demand for price to explore upward in the short term;

On the 4-hour chart, the Bollinger Bands are still in an upward contraction pattern with no significant expansion. The candlestick is attempting to test the upper band and the MA300 and EMA300 range pressure; the MACD shows a contraction in volume below the 0 axis. The fast and slow lines have faced a dead cross at a high position, leading to a potential second contracting phase. Key resistance to watch above includes the high from the 15th of last month and the upper band of the daily line and the MA60 range pressure. If a breakout fails, the price may experience a top divergence downward; Lihui suggests continuing to hold short positions;

Today's suggested long entry point for Ethereum: Light long below 1710, stop loss below 1660, target 1775-1840; a breakout above 1850-1885 can continue to hold!

Today's suggested short entry point for Ethereum: Continue to try light shorts above 1845, stop loss above 1885, target 1780-1710; a breakout below 1700-1665 can continue to hold; specific entry opportunities for shorts can follow Lihui's friends' real-time updates!

Article review and push are delayed, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, based on real-time notifications. The article's suggested points are for reference only; please do not operate with heavy positions. Enter with appropriate take-profit and stop-loss measures, and take profits when possible!

I, Lihui, interpret world economic news, analyze the global cryptocurrency trends, and during my studies in the U.S. have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, SOL, etc. For those who are unsure about trading, you are welcome to comment and leave messages!

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This article is exclusively published by (public account: Zhang Lihui 168118) for reference only; risks are to be borne by the reader. May we remain humble and courageous in the complex cryptocurrency market, unafraid of challenges, and willing to explore. Just as "the road is long and winding, I will seek diligently," I hope we can keep pace with the times, gather wisdom, travel thousands of miles, experience storms, and gain insights into life.

I wish you, under Lihui's guidance, to leverage your strengths, create value, remember the market's baptism, and remain true to your original intentions. In the wave of digital currency, may we hold onto faith, move forward bravely, co-write a glorious future, and share the joy of success. Let us work hand in hand, creating brilliance on this investment journey filled with challenges and opportunities!

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