9.25 Zhang Lihui: Ethereum Market Analysis and Operation Suggestions:
Yesterday's Ethereum market once again caught people by surprise. Although the short-term indicators were clearly strong, there was still no breakthrough. The retracement space was quite positive, but as Zhang Lihui mentioned earlier, since there is a retracement, it provides an opportunity for long positions!
In the current 1-hour chart, the Bollinger Bands are once again opening downward, and the candlesticks are testing the EMA80. If the market is falling slowly, then the support below can be seen as the EMA120-EMA160 range support, and one can consider entering long positions. Continue to pay attention to the strength of the retracement after the death cross.
The 4-hour Bollinger Bands channel is about to form a parallel trend, but the upward posture of the midline has not changed. Despite the death cross of the fast and slow lines, the market has not provided a significant retracement. In the short to medium term, indicators show that the EMA60, 80, 120, 200 are all in an upward posture, indicating that there is still room for upward movement. In the short term, pay attention to the support at the intersection of EMA30 to EMA250 and the lower band.
Taking the above indicators into consideration, Zhang Lihui suggests focusing on entering long positions during retracements and considering short positions when the range is not broken.
Zhang Lihui suggests lightly entering long positions near the 2580-2550 retracement range; reserve the 2480-2500 range for adding positions, with a stop loss at 2460, and a target of 2630-2680. If the range of 2690-2710 is broken, one can continue to hold until around 2800.
If the upper band of the 4-hour chart is not broken, one can consider entering short positions. Consider entering the 2690-2660 range, with a target of 50-70 points.
Article reviews may be delayed, and the market is constantly changing. Specific entry opportunities need to be combined with actual trading operations. Real-time notifications should be followed, and the suggested article points are for reference only. Do not overweight your operations. When entering the market, set good stop-loss and take-profit points, and take profits when the opportunity arises!
Zhang Lihui interprets world economic news, analyzes the global trend of the currency circle, and has conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, all currency friends are welcome to comment and leave a message!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only. All risks are assumed by the reader. May we remain humble and brave in the complex currency circle, unafraid of challenges, and courageous in exploration. Just as "The road ahead is long, I will seek and explore," I hope that we will keep pace with the times, draw wisdom, travel thousands of miles, experience the wind and rain, and comprehend life.
Under Zhang Lihui's guidance, may you play to your strengths, create value, remember the market's baptism, and stay true to your original aspirations. In the wave of digital currency, may we firmly hold on to our beliefs, forge ahead, and jointly compose the future's brilliant chapter, sharing the joy of success. Let us work together to create brilliance in this investment journey full of challenges and opportunities!
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