1.6 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Since Ethereum's price broke through 3630 the day before yesterday, Lihui has become more cautious, showing no strong enthusiasm for chasing the price up. After trying to short twice, the market did not provide significant pullbacks. Lihui believes that the market is still dominated by bulls, so he prefers to wait and see. In this situation, Lihui will continue to focus on entering with low long positions. Tonight, there is an event in the U.S. Congress to certify Trump's election victory, which has not yet been confirmed. The specific time is still unknown, but recently both Trump and Minister Ma have been speaking frequently, suggesting that the market may heat up again!
The 1-hour K-line for Ethereum rebounded after dipping below 3600 last night. Currently, the lower support is at the EMA60 position, so a second pullback here presents a good opportunity for light long positioning. The stop-loss should be set at the EMA80 position, with resistance looking towards the previous high and around the 3700 mark. The MACD is shrinking below the 0 axis and is approaching the 0 axis position, with the fast and slow lines about to converge successfully to form a golden cross, indicating that bulls may regain strength.
The 4-hour Bollinger Bands are narrowing upwards, with the lower band continuing to rise and overlapping with the EMA15, which aligns with the 1-hour EMA60, serving as the first support point. The defensive position can be seen at the EMA30 level. From the MACD perspective, volume has started to increase below the 0 axis, and a dead cross has formed at a high level, but the intensity has not been significant. This is why Lihui wanted to try shorting earlier; although the bulls are strong, it does not mean that bears have no opportunities. Proper stop-loss management is key!
At 5:12 AM Beijing time on January 6, 2025, the suggestion is to continue light long positions in the 3590-3620 range, with a reserve for adding positions at 3550; stop-loss below 3530; targets at 3660-3710-3780; if it breaks above 3800, you can continue to hold.
For high short entry points, continue to wait for the market's rebound strength before arranging entry. Specific operations can be consulted with Lihui based on real-time changes!
The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss 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 have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. 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) and is for reference only; 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, 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 together compose a glorious 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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