5.18 Zhang Lihui: Ethereum's Ultimate Challenge at the 2400 Threshold, Is the 4h Closing Key Again? Today's Latest (ETH) Market Analysis and Trading Reference! #山寨季何时到来? #BTC #BTC走势分析 #ETHETFsApproved #ETH(二饼) $BTC $ETH
The short position from the day before was ultimately closed too early. The break below that we have been waiting for has finally come, and it seems the main force is making moves again, resulting in a significant pullback over the weekend. Many fans probably did not see this coming, but fortunately, our layout was short. Lihui has been consistently positioning for a bearish market recently, and those who followed have profited a lot. However, there were even those who still expected 2700 yesterday, which is quite perplexing. The 4-hour chart has diverged again, and Lihui has repeatedly emphasized avoiding long positions after divergence! Therefore, today's strategy remains unchanged; we will continue to maintain a rebound short position!
You can see that the 4-hour Bollinger Bands are closing down again, with the upper band pressing down below yesterday's high, indicating that the upper space is continuing to be compressed. Today's upper pressure can be monitored at the position where the middle band and EMA30 overlap; the lower band is also overlapping downwards with the EMA60. Today's major bearish target can be seen at this position. The current level's fast and slow lines are intending to close, with EMA60 approaching the 2400 threshold, which may form a parallel support level with the low on the 13th. Therefore, entering long positions is a relatively appropriate level; if this position fails to hold, then we will face another significant short. The 2400 threshold is also the daily EMA180 position. If it breaks, it is highly probable that next week we could reach the EMA120 position, which is around 2250, a level that also forms a support position with the lower band; how it progresses will depend on the speed of the weekend market, so everyone can pay attention to market changes for adjustments!
Today's Ethereum short entry point suggestion: 2490-2520 range; stop loss at 2560; target 2450-2415; if it breaks below 2410-2400, you can continue to hold; if the stop loss is hit, you can continue to adjust to the 4-hour upper band position to continue shorting!
Continue to pay attention to the 2400 threshold for long positions, which is also the 4-hour EMA60 and lower band position, with targets of 50-100 to take profit freely! Specific entry opportunities can be followed with real-time updates from Lihui!
Article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and notifications should be considered the standard. The suggested entry points in the article are for reference only; do not operate with heavy positions, and please ensure to have stop-loss and take-profit in place. Take profits when they are available!