10.30 Zhang Lihui: Who says Ethereum isn't strong enough? The bullish trend isn't over yet; continue to buy on dips! Today's latest Ethereum (ETH) market analysis reference!
Continuing to watch Ethereum, it directly rose from the low point of 2488 yesterday morning to the current high point of 2680. As mentioned in yesterday's article, after breaking the 2580-2590 range, hold until near 2630; I expect everyone missed the starting point, but you must have reached the target endpoint! From the 1-hour chart, we can see the Bollinger Bands continuing to open upwards, and after the price touches 2680, there is a slight pullback. In this situation, the pullback provides an opportunity to buy; the lower support continues to consider MA15 and the lower band range for more entries; it can be seen that yesterday's entry point was at the intersection of MA80 and MA60, and now we continue to see MA60 and MA80 have crossed above MA120, once again forming a complete bullish arrangement;
In the 4-hour chart, the Bollinger Bands continue to open upwards. We can see that yesterday morning the price started to rebound at the MA15 line and broke through the MA80 line mentioned in yesterday's article, which is the 2585 position; breaking through will continue to rise, with reason and evidence; currently, the MA15 line continues to rise close to the MA120 line, which is a good signal. We can continue to pay attention to whether it can continue to surpass MA60 and the upper MA80 line after crossing MA120, which will form a complete bullish trend; in the MACD, the volume is strong above the 0 axis, and the DIF and DEA golden cross opening continues, with the slow line also entering above the 0 axis;
In summary, Lihui believes that the current bullish trend in Ethereum still exists, continue to consider entering on dips; the long positions below 2615 that were arranged during the day can continue to be held. Everyone can take note, and those who haven’t entered can refer to the strategies below;
Edited before 2:43 AM Beijing time: Lihui recommends buying in the 2650-2610 range, with a reserve for re-entry in the 2580-2570 range, stop loss at 2555, target 2675-2725; breaking through the 2730-2755 range can continue to be held until near the 2800 mark!
Short positions need to pay attention to the daily MA120 and upper band range; specific operations need to be determined based on real-time market changes. You can pay attention to Lihui's real-time strategies as the standard! You can also follow my WeChat Moments for real-time updates!
