12.18 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
The bears have retreated as expected. Do you remember that Lihui set up a short position at Ethereum 4050 early yesterday morning? Half of the position has already been reduced for profit, and the remaining part is still held. The bearish strategy that has been maintained for two weeks continues to yield profits. The entry point for the high short has been reached, and Lihui will continue to hold long-term positions and adjust accordingly. Everyone can pay attention to this; additionally, after reducing the position yesterday, the market rebounded and provided another shorting opportunity. Friends who entered above 4020 are also reducing their positions below 3860, so let's continue to prepare for a long-term battle!
Continuing to observe the opening of the Bollinger Bands on the 4-hour chart for Ethereum, the price has broken down through the MA60 support and is testing the MA120 level downwards, which is around the 3800 mark. This position is quite critical; if it cannot hold, the next low will be at the MA180 level, which is currently at 3637. However, the MA180 moving average is still adjusting upwards, so the exit opportunity may come with the adjustment. The MACD shows strong volume below the 0 axis, and the death cross has successfully formed, with the opening continuing to expand, making the bearish target achievable!
On the daily chart, the Bollinger Bands have started to close downwards, with the upper band pressing down, indicating that the highs will continue to be lowered. The lower band, as Lihui mentioned yesterday, is continuing downwards and is currently below the MA30, but the MA30 is still maintaining an upward posture, coinciding with the 4-hour MA180 position. This area may form strong support in the short term. The current K-line is retracing to the middle band, but the middle band is also turning downwards, so Lihui's bearish outlook remains unchanged. The MACD shows strong volume again below the 0 axis, and the fast and slow lines have failed to converge as Lihui predicted. The daily close is approaching, which stabilizes the situation. As long as the death cross continues to expand, the short positions can be held.
At 7:30 AM Beijing time on December 18, the editor suggests that those who have reduced their short positions at 4020-4050 can continue to hold; the target is to look first at 3820. If it breaks below 3815-3795, it can reach 3720-3650. Those who have not yet entered short positions can wait for a short-term rebound to enter, including opportunities for low long positions, which can be notified in real-time by 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 points in the article are for reference only; please do not operate with heavy positions. When entering, please set stop-loss and take-profit levels, and take profits when they are available!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. Friends who are not familiar with trading are welcome to comment and leave messages!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and is for reference only; risks are to be borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. Just as "the road 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 baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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