11.21 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

Last night's situation was once again nauseating. The major cryptocurrency repeatedly broke new highs, while Ethereum only saw a small rebound. Lihui's long position only provided a few dozen points of space before decisively exiting, which can be considered timely;

In the 1-hour chart of Ethereum, the Bollinger Bands are opening up. We can see that after the candlestick pierced the MA220 in the evening, it formed a pullback again. Currently, the price has a tendency to further decline. The bearish target can first be seen at the intersection of MA380 and EMA300. If the 3000 level cannot hold, it will drop to the MA450 position; MACD is expanding again below the 0 axis, and the DIF and DEA have formed a death cross again, indicating that the bears still have room to move downwards;

In the 4-hour chart, the lower Bollinger Band is opening up, and the lower band is crossing below the MA60. Therefore, the upper band and the MA60 range can be used as a resistance point for short positions during the day; the current candlestick is approaching the EMA80 position downwards. If the market declines quickly, it may not stop here, and we can continue to look down to the EMA120 position; MACD continues to expand below the 0 axis, and the fast line is forming a divergence again, indicating that the bearish trend will continue;

On the daily chart, the lower Bollinger Band has not maintained a parallel posture and has turned downwards below the MA220. The middle band is also moving downwards, and the current support below is seen at the MA300 to EMA200 range; MACD is expanding below the 0 axis, and the DIF and DEA are forming a death cross at a high position, depending on where the morning closing candlestick ends up;

In summary, Lihui believes that the bearish trend of Ethereum is not yet over. A short position can be taken on a rebound, and if the pullback support does not break, one can continue to go long;

At 1:54 AM Beijing time on November 21, the editor suggests that short positions can focus on entering lightly in the 3110-3135 range, with a stop loss above 3160; the target is 3080-3030, and if it breaks below 3000, it can be held to the 2975-2950 range;

It is suggested to enter lightly below 3035, reserving positions at 2950-2975 for additional purchases; stop loss at 30 points; target at 3085-3135; if it breaks above the 3140-3160 range, it can continue to 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 the article's suggested points are for reference only. Please do not operate with heavy positions, and always set take-profit and stop-loss levels. Take profits when you see good results!

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 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, experience 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 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 full of challenges and opportunities!

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