4.24 Zhang Lihui: Is Bitcoin facing resistance and a pullback again? The Ethereum double top pattern hides danger! Today's (ETH) market analysis and trading reference! #加密货币总市值重回3万亿 #加密市场反弹 #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH走势分析 $ETH

It has been a while since I talked about Ethereum. Recently, Bitcoin has been strongly rallying, and the Ethereum market has seen a slight increase in activity. After stretching to the 1838 position last night, it formed a pullback again, creating a double top pattern on the 1-hour chart. Lihui believes that short positions can be gradually entered, as Bitcoin has reached the March high and the low point of the January-February range, where strong resistance is quite evident. Additionally, Ethereum has been actively following the downward trend, and the fast and slow lines have formed a dead cross at a high position, continuing to open downward. Below the 0-axis, the volume continues to increase, and the 2-hour chart is also about to form a closing pattern. Therefore, for the second pullback, we can look at the support strength at the EMA30 and MA30 crossover position; the entry position at the high point should be at the resistance level of the oscillation high;

In the 4-hour candlestick chart, it can be seen that it has just inserted into the MA300 position and formed a pullback. The upper Bollinger Band is narrowing downward, approaching MA300, and the fast and slow lines are also converging. For second high defenses, we can continue to consider the MA300 and upper band range, not excluding the possibility of breaking through to see the MA380 (1950) position. The weekly mid-band pressure is also close to this position; for the support below, we look at the mid-band and EMA180 support position. If this level breaks, we need to continue down to the MA30 and MA120 range;

Recommended short entry points: Lightly short above 1800 range, stop loss at 1840, target 1750-1730; if it breaks 1720-1700, it can be held to around 1650 depending on the situation! If the stop loss is hit, a long position can be opened above 1900;

There may be delays in article review and push notifications, the market changes rapidly, and specific entry opportunities must be combined with actual trading operations, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. When entering the market, please set stop-loss and take profit levels and take profits when you can!