4.28 Zhang Lihui: Ethereum has rapidly retraced after breaking the previous high, beware of the rebound trap? Today's (ETH) market analysis and trading reference!

CN
19 hours ago

Zhang Lihui, edited at 2:07 AM Beijing time on April 28: Ethereum Market Analysis and Trading Suggestions:

Ethereum broke through 1857 in the morning and quickly retraced. This wave of breaking the previous high likely caught many people off guard, but Lihui's bearish outlook remains correct. In the evening, it continued to adjust down to the 1-hour EMA80, forming a consolidation. Currently, it is under pressure from the middle band and EMA30 position, with the lower band continuing to extend down to the EMA80 position. After the fast and slow lines formed a death cross, the opening continued, and the volume below the zero axis continued to increase, indicating that the bears intend to extend;

The 4-hour moving average bearish arrangement is still ongoing, with the top considering EMA300 as resistance. This can serve as a point to open a short position after a breakout. The current Bollinger Bands at this level maintain a parallel position, with the upper band at 1820, which can be referenced for entry above this position during the day. The breakout position below needs to look at the lower band and EMA30 range, with the bottom considering the support of EMA60, EMA80, and EMA120. If these three lines break, look for a significant bearish trend. The fast and slow lines continue to maintain a death cross opening, and the bearish rebound strategy remains unchanged;

Today's suggested short entry point: continue to lightly short in the range above 1820, with a stop loss above the previous high unchanged, targeting 1785-1725; if it breaks through the 1720-1700 level, you can continue to hold! If a stop loss is triggered, you can continue to adjust the opening price upward, and it is not recommended to chase long positions!

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, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profits when available!

I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency world. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!

Scan below to follow the author and add Lihui for more real-time strategies and free solutions daily!

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. 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 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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