Ethereum surged above the upper band on the 1-hour chart in the evening before facing selling pressure and moving downward. The MACD indicator shows increasing volume below the zero axis, with the fast and slow lines turning downwards after a bearish crossover. Both the KDJ and RSI have turned down, clearly signaling a short-term pullback. Li Hui suggests those who have entered short positions at higher levels can continue to hold, focusing on a potential breakdown between the lower band and the MA120 range below.
If the 4-hour middle band and the MA30 range fail to hold, it’s possible to continue targeting the lower band, which corresponds to yesterday’s low—a particularly crucial level. If parallel support breaks, the bullish momentum will be interrupted. For those chasing long trades, please note that a bearish reversal signal is gradually forming on the daily chart, so there is always a risk of a sudden drop. The main strategy should remain focused on shorting high levels, while supporting short-term longs at key support zones.
Today’s suggested Ethereum long entry: Light long positions below 2440, with stop-loss below 2400, targeting 2480–2530.
Today’s suggested Ethereum short entry: Light short positions above 2530, with stop-loss above 2570, targeting 2480–2440. If 2400 breaks, continue to hold!
There is a delay in article review and publication; the market changes rapidly. Specific entry opportunities should be determined based on real-time trading and notifications. The recommended price points in this article are for reference only. Please do not go all-in; always use take profit and stop loss, and secure profits when available!
I, Li Hui, interpret major global economic news and analyze the overall trends of the global crypto market. During my advanced studies in the US, I conducted in-depth research into BTC, ETH, LTC, DOT, EOS, BNB, SOL and other cryptocurrencies. For those unfamiliar with trading operations, feel free to leave a comment or message!
May you, under Li Hui’s guidance, capitalize on your strengths, avoid your weaknesses, and create value—never forgetting the lessons of the market and staying true to your original intentions. Amid the tide of digital currency, may we hold firm to our convictions, forge ahead bravely, write a glorious future together, and share in the joy of success. Let’s move forward hand in hand, creating brilliance together on this investment journey full of challenges and opportunities!
