Zhang Lihui, edited at 0:19 Beijing time on June 28: Ethereum Market Analysis and Trading Suggestions:
Last night, Ethereum encountered resistance at the upper band of the 1-hour chart and pulled back, touching the MA220 level below, indicating an intention to rebound again. Currently, it is challenging the mid-band and the intraday high pressure. Although the fast and slow lines have crossed downwards, there hasn't been much room for a significant pullback. The volume after the death cross is also very weak. It is suggested to continue reducing short positions and wait for the support below to be gradually broken. The lower band is still trending downwards, with no clear intention to close upwards, indicating that there is still space below. Additionally, the upper band is continuously being pressed down. Now it's about being patient and continuing to monitor whether there are any breakout signals at the intersection of MA180 and MA120 below the K-line.
The 4-hour Bollinger Bands are narrowing, especially with significant pressure on the upper band. Therefore, the bullish space anticipated by everyone is not very large, and the current K-line is also blocked above the mid-band, failing to stabilize at the mid-band. However, the lower band is not trending downwards either. After the death cross, the volume below the zero axis is very weak. Coupled with the narrowing of the lower band, this weekend may continue to maintain a narrow range of fluctuations. Below, continue to monitor whether the lower band and MA380 can provide secondary support, which would allow for consideration of long positions. If there is a strong breakout, the next level would be the MA450 position, currently at 2267. It seems a bit far, but one cannot doubt that the main force is preparing a big move. Therefore, the upper band still needs to focus on the resistance from the upper band and the overlapping EMA120 and EMA180, which is close to the high point from yesterday.
Today's suggested short position for Ethereum: Short above 2455, stop loss at 2490; target 2410-2380; if broken, consider holding to the 2370-2350 range, potentially down to around 2300.
Today's suggested long position for Ethereum: Long below 2380, stop loss at 2330; target 50-70 points; specific operations need to be adjusted based on real-time market changes. Please pay attention to Lihui's real-time updates!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with actual trading operations, and real-time notifications should be prioritized. 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 the market, and take profits when favorable!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. 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 not familiar with trading!
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