3.4 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
Recently, many cryptocurrency enthusiasts have been concerned about the price of Ethereum. Lihui believes that in the coming days, the focus should be on building long positions, especially before the meeting on the 7th, as news related to Trump could anytime influence the market sentiment; we can see that Bitcoin has rebounded by more than 16,000 points in just three days. Congratulations to our friends who successfully bought the dip! Ethereum has also returned to the 2550 position; although the prices have slightly adjusted tonight, Lihui believes that this is an opportunity!
It can be observed that the Bollinger Bands for Ethereum on the 4-hour chart are narrowing, with the lower band having risen significantly in the past two days. Although the price has adjusted, the upper band has not shown a significant decline. The candlestick has encountered resistance at the EMA120 position and has been pushed down again, so the upper band and EMA120 may serve as short-term resistance points. Currently, if the candlestick continues to move down towards the lower band, we can consider the area near the lower band as the first support. The MACD shows a decrease in volume above the 0 axis, and the fast and slow lines are converging for the first time. Lihui has mentioned multiple times that the first convergence is unlikely to succeed, so there is a high probability of a rebound in the price. We can consider entering near the lower band based on the speed of the short-term market decline, with the stop loss set below the recent low. Of course, if the first convergence is successful and a death cross forms, the downside potential could be quite alarming. What we need to do is maintain good defense and test positions at low levels! After hitting the stop loss, we can continue to adjust downwards to look for opportunities!
Beijing time, March 4, 2025, 2:45 AM Editor: It is recommended to continue light positions in the 2170-2120 range; stop loss below 2075; targets at 2260-2330-2410; if breaking above 2420-2460, you can continue to hold until above 2500; for high short entry points, wait for the market rebound strength before arranging entry, specific operations can be consulted with Lihui based on real-time changes!
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; when entering, ensure to set take profit and stop loss, 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 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) and is for reference only; risks are to be 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 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 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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