10.30 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
In the early hours of yesterday, before publishing the article, I arranged to enter long positions after a pullback below 2496. The market really delivered, as buying started to push prices up quickly. As mentioned in the article, the second target is 2575. Based on the actual market strength, I decisively adjusted the take profit to above 2585 and exited. As you can see, at 6 AM, it hit a high point and then formed a pullback. Later, around noon, I observed that the market continued to break upwards, so I positioned long below the low point of the 2600-2630 range at 2615, and I am currently holding this position. Everyone can keep an eye on it and continue to wait for Bitcoin to break new highs!
Continuing to look at Ethereum, it has risen directly from the low point of 2488 yesterday morning to the current high of 2680. As indicated in the article, after breaking the 2580-2590 range, it was held until near the 2630 position. I expect that while many may have missed the starting point, you have caught up with the target endpoint! From the 1-hour chart, we can see that the Bollinger Bands continue to open upwards, and after the price touched 2680, there was a slight pullback. In this situation, the pullback provides an opportunity; the lower support continues to consider the MA15 and the lower band range for more entries. You can see that yesterday's entry point was at the intersection of MA80 and MA60, and now we see that MA60 and MA80 have crossed above MA120, forming a complete bullish arrangement again.
In the 4-hour chart, the Bollinger Bands continue to open upwards. We can see that in the early hours of yesterday, the price started to rebound at the MA15 line and broke through the MA80 line mentioned in the article, which is the 2585 position. The breakout will continue to rise, with reason and evidence. Currently, the MA15 line continues to rise and approaches the MA120 line, which is a good signal. We can continue to monitor whether it can cross above MA60 and the upper MA80 line after crossing MA120, which would form a complete bullish trend. In the MACD, there is strong volume above the 0 axis, and the DIF and DEA golden cross is still expanding, with the slow line also entering above the 0 axis.
In summary, I believe that the bullish trend for Ethereum still exists. We can continue to consider entering long positions on pullbacks. The long positions set below 2615 can continue to be held. Everyone can pay attention to this, and those who have not entered can refer to the strategy below.
Edited before 2:43 AM Beijing time: I suggest going long in the 2650-2610 range, reserving the 2580-2570 range for additional positions, with a stop loss at 2555 and a target of 2675-2725. If it breaks the 2730-2755 range, you can continue to hold until near the 2800 mark!
For short positions, you need to pay attention to the daily MA120 and the upper band range. Specific operations should be determined based on real-time market changes. You can refer to my real-time strategies!
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 points in the article are for reference only; please do not operate with heavy positions. When entering, please set take profit and stop loss, and take profits when favorable!
I, Zhang Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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May you, under my guidance, leverage your 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 filled with challenges and opportunities!
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