11.24 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

In yesterday's article, Lihui suggested entering long positions below 3300, and many of you may have taken profits at the target of 3400; last night, the market broke through the long-standing support at 3450 and approached the 3500 mark; we can see that the Bollinger Bands on the 1-hour chart for Ethereum have once again formed a contraction, with the lower band rising above the EMA30 position. The early morning candlestick also just retraced to this position and formed a rebound, which can serve as a short-term long support entry point. However, the upper band is declining quickly, and the market may be compressed again. We continue to look for a new round of price action after breaking the range during the day; the MACD is starting to expand below the 0 axis, and the fast and slow lines have just formed a death cross. Please pay attention to the downward strength of the market; if a golden cross occurs again, then this early morning retracement would be a trap for shorts.

On the 4-hour chart, the Bollinger Bands are opening up, and the candlestick retraced to the EMA7 position forming a rebound. Therefore, if this position and the middle band with the EMA10 position do not break, we can consider entering light long positions, with the stop loss set at the EMA15 position. The MACD shows a decrease in volume above the 0 axis, and the fast and slow lines are converging. We need to pay attention to whether a death cross can form. If the candlestick touches the middle band and forms a rebound, it will create a divergence opening upwards; this could lead to another push above the 3500 mark, reaching near the high point of July 22, which is around 3560. If this position is not broken, it can serve as a short entry point.

In summary, Lihui believes that the bulls may still make another move, suggesting that Ethereum should continue to focus on long positions during retracements, and it would be safer to short after breaking the previous high.

At 5:38 AM Beijing time on November 24, the editor suggests entering light long positions in the 3390-3360 range, with a stop loss below 3330; the target is set at 3470-3535; if it breaks above the 3540-3560 range, you can continue to hold.

For short positions, you can continue to pay attention to the 3540-3560 range; if it does not break, you can enter light shorts, targeting 3440-3390. If it breaks below 3360-3330, you can continue to hold.

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 points in the article are for reference only; please do not operate with heavy positions. Always set take profit and stop loss levels, and take profits when you can!

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 unsure about 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. Just as "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 join hands and move forward in this investment journey filled with challenges and opportunities, creating brilliance together!

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