5.31 Zhang Lihui: Ethereum’s new round of trend channel, where are the entry points for long and short positions? Today's (ETH) market analysis and operation reference #5月市场关键事件 #新币挖矿 #BTC走势分析 #美众议院通过FIT21法案 #现货以太坊ETF获美SEC批准 $ETH $BTC

Ethereum has walked out of a new trend channel in 1 hour. The 3700 mark below is indeed very strong. The short-term pressure above is the EMA80 position. From the KDJ pattern, there is not much room below. After almost EMA10,15, it will start to turn upward. In addition, the main force is still continuing to regulate. In a short time, the coin price may hit 3800 again;

In 4 hours, the coin price is just at the bottom trend support line position. There is EMA15,30 double-line suppression above, and EMA60 is considered to be a strong support at the bottom. This is also the first defensive long position. The KDJ pattern is also at the bottom turning, and the space is not very large. The volume continues to close below the MACD0 axis, and the distance between DIF and DEA is obviously closing. There may be a turning phenomenon!

Based on the above indicators, the operation is still mainly to go short at the top of the rebound trend line! Low-level long is supplementary, focusing on the 3700 mark. If it does not break, there will still be a continuation of the bullish trend. If it breaks, there will be a trend change!

It is recommended to go short in the 3830-3850 range, stop loss 3880, target 3795-3755-3715; if it breaks 3700-3680, it can continue to hold;

It is recommended to go long in the 3720-3740 range, stop loss 3690, target 50-80 points, short-term long is not easy to hold for a long time, stop when you see a good profit!

There is a delay in the review of the article, and the market is changing rapidly. For more real-time orders, you can follow my name on the official account. Please strictly take the stop profit and stop loss when entering the market, and stop when you see a good profit!

I, Li Hui, interpret the world economic news and analyze the major trends in the global cryptocurrency circle. During my further studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL and other currencies. Friends who don’t know how to operate are welcome to leave comments!