11.28 Zhang Lihui: Ethereum is strongly stretching, bullish but don't chase, is there an opportunity for light short positions? Today's latest Ethereum (ETH) market analysis reference!

Yesterday, Lihui mentioned that the fast and slow lines of Ethereum's daily chart would converge, creating a reversal situation, and indeed the market validated Lihui's expectations, with the price soaring to above 3600. Although the current situation is a bullish pattern, Lihui does not recommend chasing the highs, as a significant rise often faces deep washouts; from the Fibonacci retracement pressure line, it can be seen that Ethereum is facing dual pressure from the 78.6 and the upper trend line. Lihui believes it is possible to try shorting, but positions must be light and have stop-loss in place; a small loss is also acceptable, as there is still a lot of room for a pullback. After hitting a stop-loss, continue to adjust the opening price upwards. Remember, do not chase highs at the current position, and do not turn into high-position retail investors! After capturing a wave of shorts, continue to focus on low longs!

Beijing time March 28, 4:38 AM editor: It is suggested to enter light shorts above 3600, leaving a range of 3650-3670 for additional positions; stop-loss above 3700; target looking at 3450-3350; if breaking below the 3330-3300 range, continue to hold;

For low long entry, it is suggested to intervene if the 3330-3300 range does not break, as there is a lot of target space that can be adjusted based on market changes!

There may be delays in article review and push notifications, as the market changes rapidly. Specific entry opportunities must be combined with actual operations; real-time notifications take precedence. The suggested levels in the article are for reference only; do not operate with heavy positions. Please ensure to have take-profit and stop-loss in place when entering, and take profits when favorable!