4.30 Zhang Lihui: Don't be confused by Ethereum's high-level sideways movement, it's easy to get trapped if you transition to bullish! Enter short positions with good defense! Today's latest (ETH) market analysis and trading reference! #ETHETFsApproved #ETH🔥🔥🔥🔥🔥🔥 #ETH走势分析

Ethereum's intraday rebound gives another short opportunity, Lihui currently holds a short position established above 1820, with a stop loss set above the previous high; if it breaks, it's a small loss! Many fans expressed confusion about this phase of high-level sideways movement. Lihui has mentioned in previous articles that as long as it fails to break the previous high, a short entry is possible. If it's not a one-sided stretch market, there's no need to be afraid. It's clear that Bitcoin has repeatedly failed to break through several waves, and Ethereum is even more so. There's nothing to fear; just trade with a good stop loss and don't let market fluctuations affect your judgment! Big opportunities are always grasped by a few contrarians!

The one-hour K-line for Ethereum formed a pullback after another attempt to break above 1840 last night. Lihui also established a short position above 1820, which is currently held. Those in profit can consider reducing their positions and then placing the stop loss above the previous high. Learn to use profits to stop losses! This is to exchange for the probability of a significant drop during high-level sideways movement, Lihui has always believed that the downside space is larger than the upside? I wonder if everyone has this thought.

From the perspective of the fast and slow lines, a dead cross has once again formed, opening up and moving downward towards the 0-axis position. Below the 0-axis, the volume has increased again, and the K-line is shoulder to shoulder with the lower track, with the bearish trend continuing as expected!

The 4-hour Bollinger Bands channel has not seen significant changes yet; the lower track is still above yesterday's low, but the fast and slow lines have failed to converge again, creating a divergence. If the morning closing does not pull up to form a golden cross, there may be another significant bearish move soon! If another rebound opportunity arises today, those who have not entered can still consider shorting as long as the previous high and EMA300 positions are not broken! It is not recommended to chase longs at high levels!

Today's suggested short entry point: above 1840, stop loss at 1870, target 1770. If it breaks 1760-1745, you can continue to hold until near the 1700 mark. Specific entry opportunities can also be adjusted based on the strength of the market rebound to find shorting opportunities based on the rebound's strength!