11.26 Zhang Lihui: The spring of Ethereum has arrived, is the second wave of the bull market about to start? Today's latest Ethereum (ETH) market analysis reference!

After waiting for so long, Ethereum has finally occupied a dominant low position. From the performance of the market in the past few days, when Bitcoin moves slightly, Ethereum appears very active, including the main players actively selling Bitcoin and investing in the Ethereum market, which is the best scenario, after all, if the second largest doesn't rise, many people will feel disappointed!

In the 1-hour chart, the Bollinger Bands are severely narrowing, and the K-line is testing the EMA15 position downwards; short-term attention is on the first support at EMA30. From the current K-line pattern, the decline is still slow, and the fast and slow lines are narrowing again, which is generally stable. The dead cross is inevitable, and there is a significant reduction in volume above the 0 axis, and the KDJ three lines are also turning down again, indicating that there is still space below and has not completed;

In the 4-hour chart, the Bollinger Bands channel is opening, and the K-line forms a pullback after a second high above 3500 to the current EMA7 and EMA10 positions. First, look at the support of EMA15 and the middle track below. If it breaks, look down at the EMA30 and MA30 overlapping support, which is also a second bottom-filling point, and may form a double bottom pattern with last night's low; after the fast and slow lines golden cross, they are narrowing again. Once a dead cross forms, it will be a big bear market. The KDJ three lines are also forming intersections downwards, making the bearish situation appear quite strong. However, Lihui believes that if the short-term bearish moves slowly, the fast and slow lines may form a divergence and open upwards again;

On the daily level, the Bollinger Bands are opening upwards, and recently the K-line has been climbing along the EMA7, raising the low points. The previously mentioned EMA80 and EMA120 are crossing above EMA180 and EMA220; breaking through will form a complete bullish arrangement, which means the beginning of Ethereum's spring; that's right, it's the beginning!

In summary, Lihui believes that short positions should not be chased, and the strategy should still focus on accumulating at lower levels, after all, the second largest can be quite fierce;

Beijing time on November 26 at 3:26 am edited: It is recommended to enter lightly in the 3425-3390 range on pullback, leaving room to fill in the 3300-3340 range below; stop loss below 3300; targets look at 3480-3530, breaking above 3540-3560 could see above 3600;

The entry point for short positions also needs to pay attention to around the high point of June 20 at 3626 for the best entry, so that the pullback space below can capture 100-150 points easily;

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