Zhang Lihui, edited at 1:10 AM Beijing time on April 24: Ethereum market analysis and trading suggestions:

It has been a while since I last talked about Ethereum. Recently, Bitcoin has been strongly rallying, and the Ethereum market has shown some signs of recovery. Last night, it surged to the 1838 level before pulling back again, forming a double top pattern on the hourly chart. Lihui believes that short positions can be gradually entered now, as Bitcoin has reached the March high and the low point of the 1-2 month range, where strong resistance is quite evident. Additionally, Ethereum's decline is relatively active, and a death cross has formed between the fast and slow lines at a high position, continuing to open downwards, with volume increasing below the zero axis. The 2-hour chart is also about to close in formation, so for the second pullback, we can look at the support strength at the EMA30 and MA30 crossover position; the entry point for high positions can be observed at the resistance high point.

In the 4-hour candlestick chart, we can see that it has just pierced the MA300 position and formed a pullback. The upper Bollinger Band is closing down towards the MA300, and the fast and slow lines are also converging. For the second upward defense, we can continue to consider the MA300 and upper band range, and it is not ruled out that we could see the MA380 (1950) position after a breakout, as the weekly mid-band resistance is also close to this position. The support below can be observed at the mid-band and EMA180 support position; if it breaks down, we need to look further down to the MA30 and MA120 range.

Suggested short entry points: Lightly short in the range above 1800, with a stop loss at 1840 and a target of 1750-1730; if it breaks down to 1720-1700, you can hold until around 1650 depending on the situation! If stop loss is hit, you can go long above 1900.

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 when entering, and take profits when the opportunity arises!

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 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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This article is exclusively published by (WeChat 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 world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead 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 on this investment journey filled with challenges and opportunities!

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