11.24 Zhang Lihui: Is the Ethereum rebound not over yet? Beware of the long positions being liquidated? Today's latest Ethereum (ETH) market analysis reference!

In yesterday's article, Lihui positioned long orders below 3300, did everyone manage to cash in at the target of 3400? Last night, the market once again broke through the long-standing support of 3450 and approached the 3500 mark;

It can be seen that the Bollinger Bands on the 1-hour chart of Ethereum have once again formed a convergence, with the lower band rising above the EMA30 position. The early morning candlestick also just retreated to this position and formed a rebound, which can serve as a short-term long support entry point. However, the upper band is declining quickly, and the market may be compressed again. We will continue to observe the new round of trends as the intraday price breaks through the candlestick;

In the MACD, the volume starts to increase below the 0 axis, and the fast and slow lines have just formed a dead cross. Everyone can pay attention to the downward strength of the market. If a golden cross reverts, then this early morning pullback is a trap for shorts;

On the 4-hour chart, the Bollinger Bands are opening, and the candlestick retreated to the EMA7 position forming a rebound. Therefore, if this position and the middle band with EMA10 do not break, we can consider entering lightly long, with the stop loss placed at the EMA15 position; The volume above the 0 axis in MACD is decreasing, and the fast and slow lines are converging. We need to pay attention to whether a dead cross can be formed. If the candlestick touches the middle band and forms a rebound, it will again create a divergence opening upwards; this will lead to a surge above the 3500 mark, reaching around the high point of July 22, which is about 3560. If this position does not break, it can be considered a short entry point;

In summary, Lihui believes that the bulls may still make a move, and it is recommended to continue to focus on long positions during Ethereum's pullbacks. It would be safer to short after breaking the previous high;

Beijing time, November 24, 5:38 AM Editor: It is recommended to lightly enter long in the 3390-3360 range with a stop loss below 3330; target looks at 3470-3535; breaking above the 3540-3560 range can continue to hold;

It is suggested to continue monitoring the 3540-3560 range for shorts, and if it does not break, lightly enter short with targets of 3440-3390. Breaking below 3360-3330 can continue to hold;

There is a delay in article review and push, the market changes rapidly, specific entry opportunities must be combined with actual trading operations, and real-time notifications shall prevail. The suggested points in the article are for reference only, do not trade heavily, and ensure to have take-profit and stop-loss in place. Take profit when you see gains!