Zhang Lihui, edited at 6:54 AM Beijing time on July 3: Ethereum market analysis and trading suggestions:
Last night, the 4-hour chart of Ethereum finally broke through the multi-day MA180, MA220, and MA300 resistance levels, directly reaching the 2600 position. From the perspective of the Bollinger Bands, it shows a wide opening pattern, indicating that there is space both up and down. From the MACD performance, the bulls currently hold the advantage, with a horizontal golden cross forming, and the volume above the zero line continues to expand without significant contraction. In the KDJ, the J value has entered the overbought zone, while K and D continue to rise, suggesting that there may still be further bullish space, but it may not be very large. We need to guard against a strong reversal in the overbought zone. The RSI is weakly turning down after rising, and Lihui mentioned a few days ago that after breaking the 2520 bull-bear lifeline, the main thought should be bullish. Therefore, the current level's support should first consider the MA180, MA220, and MA300 range as support, which is also a support node for the multi-day oscillation high points.
From the daily chart perspective, the candlestick has broken through the upper band and is currently approaching the first resistance position where MA220 and MA300 intersect. After a strong breakout, we can continue to look at the MA380 and MA450 range, which can serve as the second resistance area and a point for high short positions. In the MACD, the fast and slow lines have once again turned into a golden cross, with volume expanding above the zero line. The KDJ three lines have failed to converge downwards and continue to diverge upwards, and the same goes for the RSI three lines. Overall, the bullish performance is expected to further expand, and the strategy suggests looking for buying opportunities on pullbacks. If no pullback opportunity arises, wait for high short positions!
From the weekly chart perspective, the Bollinger Bands show that the upper band has not continued to open upwards but is instead continuing to close below the June high of 2879, which may form short-term top resistance with MA60 again. Therefore, there is no need to imagine that the bulls will surge very high, as many will surely call for 3000 or 3500 in the market. In Lihui's view, at least in the short term, this will not happen, as the bull market for Ethereum has not yet arrived! So fans should be cautious not to chase the market at high positions, as it was quite painful to be stuck after chasing high positions last time for a month!
Today's Ethereum buying suggestion: Buy below 2530, stop loss at 2460; target 2590-2630; if it breaks 2635, you can continue to hold until around 2710 to observe the bullish performance;
Today's Ethereum selling suggestion: It is recommended to look for high short opportunities near the two resistance points MA380 (2714) and MA450 (2814); specific operations need to be adjusted according to real-time market changes, and you can follow Lihui for real-time updates!
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 when entering the market. Take profits when you see good opportunities!
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. For those who are not familiar with trading, feel free to leave comments!
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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, 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 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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