Zhang Lihui, edited at 1:39 AM Beijing time on July 24: Ethereum Market Analysis and Trading Suggestions:
The 1-hour K-line for Ethereum experienced a rebound after touching the MA180 in the evening, reaching the middle track position before facing pressure and falling below the MA180 to the current EMA180 position. The Bollinger Bands show all three lines trending downwards, with the lower band breaking below the EMA180 position. The next support point can be seen at the intersection of MA220 and EMA220. From the MACD opening pattern, it seems that 3500 should not be a problem. The KDJ is turning again, approaching the oversold area, and the three lines of the RSI are also trending downwards, indicating that the short position is not yet finished!
On the daily level, the Bollinger Bands channel is still trending upwards, with the upper band starting to converge. The K-line is moving down towards the current EMA7 position, with strong support from the middle track and EMA10 below, which coincides with the intersection support of MA220 and EMA220 on the 1-hour chart. Moreover, the fast and slow lines are only in the convergence phase and have not yet formed a death cross, so there is no need for panic; just focus on defense! The conditions for a larger bullish trend still exist, and once the pullback is complete, one can continue to enter long positions!
Today's suggestion for Ethereum is to go long at point one: buy below 3510; stop loss at 3460; target at 3575-3640; if it breaks above 3650-3670, you can continue to hold; specific entry opportunities for long positions can be followed through real-time updates from Lihui! Pay attention to the strong support at the daily middle track position before entering!
Today's suggestion for Ethereum is to go short at point one: sell above 3640, stop loss at 3700; target at 3600-3555-3510; if it breaks below 3500-3480, 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; do not operate with heavy positions. Please set take-profit and stop-loss levels when entering, and take profits when available!
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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