12.29 Zhang Lihui: Low long layout idea once again validated, analysis of Ethereum's important resistance and support range today #加密市场调整 #ETH $ETH

Lihui's low long layout from yesterday was once again missed, as the market did not provide an opportunity to enter. The expectation was that the depth of the pullback would touch below 3300, but the coin price remains very strong. However, the anticipated bullish target of 3410 was still reached, and the market validated that Lihui's idea is indeed correct; it can be seen that the market touched the 1-hour EMA180 this morning and then turned back again, which means that yesterday's mentioned range of 3420-3450 happens to be the EMA180-EMA220 range resistance; therefore, today's pullback support point continues to look at the junction of the lower track and EMA30-EMA60; MACD shows a decrease in volume above the 0 axis, with the fast and slow lines converging. If the day’s pullback continues to be very slow, then EMA30, 60, and the lower track position can still consider entering with a low long light position;

In the 4-hour chart, the candlestick showed a pullback after touching the upper track, with the first resistance above today considered at EMA60. If it breaks above, the next levels are EMA80 and EMA220, and the two nodes EMA180 and EMA120; the support below is considered at the middle track, with defense placed at the lower track; in MACD, the volume continues to increase above the 0 axis, with the fast and slow lines showing a golden cross opening up, and the bulls are expected to once again surge upwards. It depends on whether it can break through the daily line key resistance of 3550-3600 next week. The market, which has been held back for two weeks, is likely to make an effective breakthrough at the end of the month, welcoming the opportunity for a bullish reversal;

At the daily level, it can be seen that the upper track of the Bollinger Bands has ended its downward posture for many days and has started to level off. Now it is just waiting for a short-term impact to lift it up; therefore, the top resistance is also looking at the upper track and the key position of EMA30, with support below considered at EMA60, EMA80, and the lower track support range;

In summary, Lihui believes that Ethereum continues to form a stable fluctuation at the bottom, waiting for the opportunity to break through resistance, and his idea remains unchanged, still considering a low long layout!

Beijing time, December 29, 8:22 AM Editor: It is recommended to continue to try long positions lightly in the 3370-3350 range; reserve 3280-3300 for additional positions; stop loss below 3250; target at 3420-3490-3530; if it breaks above the 3550-3580 range, it can continue to hold;

The high short entry point continues to wait for the market to rebound in strength before arranging entry. Specific operations can be consulted based on real-time changes to enter Lihui!