10.23 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

Yesterday, the bearish target for Ethereum reached 2615 as expected. Currently, the mid-line of the daily chart and the EMA15 support are temporarily effective, but the Bollinger Bands continue to narrow, with the upper band declining and approaching the EMA120. High points are continuously being suppressed, and a contraction is forming above the 0 axis, with the fast and slow lines converging;

The bullish momentum in the short term is very weak, and entering long positions is not recommended because the mid-line of the 4-hour chart is quickly moving down, including the upper band as well. If one chases long positions, the potential space may not be very large, and there is a possibility of continued volume expansion below the 0 axis, with the death cross opening continuing. The DIF is about to approach the 0 axis position, so continue to pay attention to whether it can enter below the 0 axis. If the price can rise above the mid-line and EMA30, opening a short position would be optimal;

The 1-hour Bollinger Bands channel continues to maintain a downward trend, but the potential space may not be very large at the moment. The EMA30 and MA30 are intersecting and are about to cross below the EMA120 line. If it moves quickly, it may again form overlapping pressure with the upper band. Additionally, recently, apart from BlackRock buying without regard to cost, other institutional main forces and large retail investors are unloading, and the trend is quite clear. If one continues to chase long positions at high levels, it is akin to filling a pit;

In summary, Lihui believes that the bears are currently dominating the market, and there is a possibility of further pullbacks. Focus on opening short positions after breaking through the high point resistance during fluctuations; long positions should be consulted and arranged based on real-time changes.

Lihui suggests shorting in the 2650-2675 range, with a stop loss at 2730 and a target of 2615-2570; if it breaks below the 2565-2545 range, it can be held!

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 notifications should be relied upon. The suggested points in the article are for reference only; do not operate with heavy positions. Please set stop-loss and take-profit levels when entering, and take profits when favorable!

I, 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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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and is for reference only; risks are 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 strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. 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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