5.9 Zhang Lihui: Bitcoin continues to stretch, will Ethereum's rebound face many pressures this week? Today's (ETH) market analysis and trading reference! #BTC重返10万 #ETH #ETH走势分析 #ETH大涨 #ETHETFsApproved $ETH

After two months of silence at a low price, Ethereum's price has once again shown a single-day increase of over 400 points. It is both frustrating and infuriating; for spot holders, it can be seen as a glimmer of hope. Those traders who were trapped at high positions can finally breathe a sigh of relief. This all comes too late and is quite difficult! The daily K-line has broken through the EMA30 directly from yesterday's opening, piercing through EMA60 and EMA80, reaching the current EMA120, forming a pause and a pullback. Lihui mentioned yesterday that Ethereum has room for rebound, and everyone should not open shorts casually. I hope it can continue to build up momentum and keep pace with Bitcoin, becoming an active follower!

Therefore, today's pullback needs to focus on the 2100 level and the EMA80 position because 2100 is the high point from March and can be considered a support node that transforms from resistance. The second support is at the EMA80 position; specifics still depend on the performance of the intraday pullback. If the pullback is slow, these two positions may not be reached and adjustments will be necessary! The upper side still looks at EMA120 and if the 2250 range is broken, it can continue to rise to see the MA120 and EMA180 positions;

From the weekly perspective, Ethereum is still facing immense pressure. The current K-line has not successfully stood above the upper track and EMA220 position, and there is first-level pressure from the crossing of MA180 and EMA180 above, as well as pressure from EMA120 and EMA60, etc. The fast and slow lines have also not successfully formed a golden cross. It is still too early to judge the transition as a stage of significant rise; we need to continue to pay attention to the recent interlinked upward momentum changes between Bitcoin and Ethereum!

Today's suggestion for long positions: Long near the 2100 position, with a stop loss at 2000, and a stop loss at 1960; target 2180-2220; if it breaks through the 2230-2250 level, you can continue to hold above 2300!

For short positions, currently, it's best to be conservative as there is a risk of rebound; you can wait for the weekly closing before considering! Specific trading opportunities can be consulted with Lihui at any time.

There may be delays in article review and push notifications, and the market changes rapidly. 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 trade heavily. Please ensure to set take profit and stop loss orders, and take profits when the opportunity arises!