10.29 Zhang Lihui: Ethereum is just one surge opportunity away, where are today's entry chances? Latest Ethereum (ETH) market analysis reference!
Do you all remember the 2450-2420 range layout by Lihui on the 26th? That's right, those who caught yesterday's high of 2540 have made a profit. This layout can be described in eight words: build positions at low levels, escape at high levels; what's somewhat regrettable is that Ethereum still remains weak, but the long position at 2414 has yielded 126 points, capturing the entire space; including friends who joined halfway also made a profit! Moreover, Bitcoin's target of 62900 was reached yesterday, considering that Bitcoin ETF is still continuously inflowing, friends who are currently at the table eating meat have not been arranged for the next course!
Continuing to observe Ethereum, after touching 2540, it formed a pullback again. From the 1-hour chart, it can be seen that Ethereum is still in a fluctuating upward channel, with the Bollinger Bands opening, the lower track touching MA80, MA60, and the support of the downward trend line; in MACD, the volume continues to expand below the 0-axis, and the DIF and DEA dead cross continue to open. If the market continues to move very slowly, then consider entering lightly at the MA80 position; because MA15 and MA30 are still in an upward trend and have not changed;
In the 4-hour chart, the coin price fell back after being pressured by MA120 yesterday, currently forming fluctuations after touching the MA15 line, the Bollinger Bands are parallel and slightly upward, the volume in MACD is slowing down below the 0-axis, and the DIF and DEA have formed a brief convergence, but the low-level golden cross still exists. Lihui believes that the bullish space still exists, and for the downside, just consider the lower track for defense; therefore, if today breaks the MA120 above, the bullish target can consider the MA60 and MA80 positions;
In summary, Lihui believes that the bullish trend still exists. Considering that Bitcoin may break the previous high, Ethereum can still enter with low positions during the pullback. Before this post, long positions below 2496 have been arranged, everyone can pay attention; high-level pressure can then consider short positions;
Lihui suggests long positions in the range below 2495, stop loss at 2430, target at 2540-2575; if it breaks the 2580-2590 range, it can continue to hold until around 2630!
Short positions should pay attention to the 4-hour MA120 and the MA60 to MA80 range; specific operations need to be based on real-time market changes, and you can follow Lihui's real-time strategy as a reference!
