Zhang Lihui, edited at 1:16 AM Beijing time on November 3: Today's Ethereum (ETH) market analysis and trading suggestions:
Ethereum has once again accurately triggered the high short position above 3900 laid out by Lihui yesterday. Lihui suggests that those in profit can take partial profits and reduce positions while reserving space for a second round of replenishment above! The Bollinger Bands on the 1-hour chart are trending downwards, and the candlestick formed a rebound after touching the lower band in the evening. KDJ and RSI are forming a low-level upward turn, while the MACD shows a contraction in volume below the 0 axis, with the fast and slow lines indicating a potential convergence. There may be slight rebound space in the short term, and Lihui suggests continuing to pay attention to the upper band and the EMA120 overlapping resistance level for entry!
On the daily chart, as Lihui anticipated, the candlestick failed to stabilize above the EMA120 during the day. Therefore, the short-term mid-band at 3940 may once again form top pressure. The MACD shows that the volume above the 0 axis has been relatively weak, and the fast and slow lines are entangled in a dead cross situation. The KDJ three lines are weakly turning downwards, and the RSI three lines are also turning downwards again! The current level of the Bollinger Bands channel remains parallel, with the lower band not dropping below the 30-day low. Thus, the short-term bearish target and key support can be seen at the lower band position. If there are four successful retractions to the lower band and EMA180 support, the market will face a significant pullback! Therefore, in terms of entry strategy, Lihui suggests maintaining a primary focus on short positions during rebounds, which Lihui has been emphasizing recently!
Today's Ethereum short entry point suggestion: Light short above 3895, stop loss above 3960; target 3840; if it breaks 3830-3800, it can be held to around 3730! Specific entry opportunities for short positions can be followed through Lihui's real-time updates!
Today's Ethereum long entry point suggestion: Light long below 3730, stop loss below 3650; target 3800-3890, if it breaks 3900-3950, it can be held!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and real-time notifications should be prioritized. The suggested entry points in the article are for reference only; please do not operate with heavy positions. Always set take profit and stop loss levels, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are unsure about trading, feel free to leave comments! This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us join hands and move forward together on this investment journey filled with challenges and opportunities, creating brilliance together!
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