10.22 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

In yesterday's article, it was mentioned that there is a daily MA120 resistance above, allowing for a short position at 2770 to reach the second target of 2665, achieving a hundred-point space. The continuous bullish trend has corrected after a rebound, and the bears finally see hope! From the current 1-hour chart, the Bollinger Bands are in a downward channel, but they are narrowing. The upper band is crossing below the MA30 line, while the lower band is lifting and narrowing at the MA120, indicating that the market is being compressed and moving sideways again. Therefore, the upper high is being pressed down, and the long positions set up yesterday should not be considered anymore, as the space is limited and there is no need to chase; the strategy still suggests focusing on shorting during rebounds; it is recommended to set up positions in the MA15 and MA30 range after a breakout and consolidation.

In the 4-hour chart, the Bollinger Bands are narrowing, with the upper band also pointing down. The middle band is at the 2700 position, and there is current support from the MA30 and the lower band. If it breaks, consider the area near the MA60 below, with volume increasing below the zero axis, and a death cross has formed and continues to open; this indicates that there is still space below.

In summary, Lihui believes that the market may continue to experience a pullback for digestion. It is still recommended to focus on shorting at highs and to pay attention to whether there is effective support at the daily MA10 and MA30 before considering entering long positions!

Lihui suggests shorting in the 2685-2715 range, with a stop loss of 30 points and a target of 2655-2615; if it breaks below the 2610-2585 range, it can be held!

For short-term longs, it is also necessary to consider whether the 2610-2585 range can provide effective support before entering, with a target of 2650-2690;

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions, and ensure to set take profit and stop loss when entering. 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 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 Official 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 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 jointly 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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