6.11 Zhang Lihui: Will Ethereum ETF Inflows Ignite a Rally to Break Through 3000? The Formation of a Daily Golden Cross is the Key! Today's Latest ETH Market Analysis and Trading Reference! #加密市场反弹 #BTC走势分析 #BTC🔥🔥🔥🔥🔥 #ETH #ETH走势分析
Yesterday, Lihui mentioned that there might be a rally due to Ethereum ETF inflows, and the article also provided three key levels, mentioning that breaking through 2630-2650 means holding onto the position; as expected, the market broke through the key pressure level on the 4-hour chart, piercing above the high point of the 29th, approaching the 2800 mark. This round of low multi-position layout can be deemed perfect; continuing to observe the current Ethereum 1-hour candlestick, which is declining and approaching yesterday's low during the day. The fast and slow lines are intent on forming a death cross that spreads downwards, but the volume is not very strong, and the Bollinger Bands are still trending upwards; this indicates that the bullish support remains substantial. This situation is quite common, and the decline in an uptrend appears relatively weak! Therefore, support can be considered slightly higher!
On the downside, one can continue to consider entering the range of yesterday's low and the 4-hour middle track, with the defense set at the MA120 position. It is necessary to pay attention to the strength of volume contraction at the 4-hour level after the 1-hour death cross; thus, the upper level can continue to focus on the daily MA380 position. If it does not break on the second upward attempt, then the market will still maintain a high-level range of fluctuations, including Bitcoin as well, which can maintain high selling and low buying; if the fast and slow lines on the daily chart form a golden cross, then it will break through MA380 to reach the MA450 and MA500 range; conversely, if there is a divergence, then this round of the market will enter a new correction phase;
In summary, after Ethereum breaks through the previous high and forms a retracement, it may be in a high-level fluctuation in the short term. Pay attention to whether the high point can be effectively broken; maintain support for low multi-entry as the main strategy, and lightly short at the high level!
Today's Ethereum trading suggestion for long positions: Buy in the range of 2670-2630; stop loss below 2575; target 2720-2780; if it breaks 2790-2800, continue holding until above 2860;
For short positions, focus on the daily MA380 and MA450 with MA500 as the two key resistance zones for entry. Specific entry opportunities need to be adjusted according to real-time market changes, and you can follow Lihui’s real-time updates!
The article review and push have delays, and the market is changing rapidly. Specific entry opportunities must be combined with actual operations, with real-time notifications as the standard. The suggested levels in the article are for reference only; do not operate with heavy positions. Please set stop-loss and take-profit levels when entering, and take profits when the opportunity arises!
