12.17 Zhang Lihui: The big pancake is strongly stretched and has broken new highs. Is it wise to be bullish on Ethereum without chasing? Where are today's entry opportunities? #BTC再创新高 #ETH🔥🔥🔥🔥

12.17 Zhang Lihui: Ethereum market analysis and trading suggestions:

Did everyone take profit on the short position of Ethereum 4010-4050 that Lihui set up early yesterday morning? The intraday decline exceeded a hundred points; just after the U.S. stock market opened last night, Ethereum reversed and surged, breaking through the high point defended since March and reaching above 4100; for this situation, I still have not set up long positions, and I hope everyone understands the reasoning behind being bullish but not chasing. Lihui prefers to miss out rather than let everyone take risks without a deep pullback;

As we can see, last night the Ethereum price reversed again in the 1-hour MA15 and lower support range, directly breaking through the 4100 level. The current market has entered a slight pullback and consolidation phase, and the volume above the 0 axis in MACD is weakening. The fast and slow lines are entering a convergence phase, indicating that there is room for further pullback. I have arranged light short positions above 4050, which can be held normally; sufficient space for additional positions has been reserved above;

The Bollinger Bands at the daily level are opening, and the lower band is not rising but is heading down, about to coincide with MA30, which can serve as a strong short-term support point; thus, the large short target can also be seen here. The volume below the 0 axis in MACD is gradually decreasing, and the fast and slow lines are still converging, waiting for the bulls to finish their move to see if they can regain ground; the market cannot always stretch unilaterally. Lihui reiterates that it's better to keep testing shorts at the current high rather than chase higher prices. I hope everyone remains rational enough!

Beijing time December 17 at 4:55 AM, editor: It is recommended to continue light short testing above 4050; reserve for additional positions at 4150-4180, with a stop loss above 4200; target 3950-3890, if broken below 3880-3850, can continue to hold;

Low long entry opportunities will continue to wait for Lihui's real-time notifications!

Article review and push have delays; the market changes rapidly. Specific entry opportunities must be combined with actual operations, based on real-time notifications. The suggested points in the article are for reference only. Do not operate with heavy positions. Please use stop-loss and take-profit strategies when entering, and take profit when the opportunity arises! $ETH