10.23 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

The market predictions have been accurate in the past two weeks, with both bullish and bearish forecasts being perfect. Everyone can pay attention to Lihui's layout of the 19th big coin short at 69100 and the Ethereum short at 2770 on the 21st. Lihui has been warning about the need to guard against selling in last week's article, advising not to chase the bull at high positions. As expected, the big coin has started to decline significantly, having dropped over 3500 points so far; although Ethereum only began its sharp decline yesterday, it has never been absent when it drops, and the bearish targets in the articles over the past two days have been accurately hit!

Yesterday's Ethereum article mentioned the daily high point pressure. Considering that the ETF net outflow has not yet ended, a short position was decisively given, and the market behaved as expected. The evening market continued to break below the daily EMA30, directly breaking through the daily lower track and MA60; however, the Bollinger Bands channel is still in a closing state, and the lower track has not shown a strong reversal yet, indicating a slowing upward trend. The MACD continues to gather near the 0-axis position above it, with DIF and DEA forming a strong convergence and a death cross. This death cross should not be an issue; we just need to see if a reversal can form at the 0-axis position.

The 4-hour Bollinger Bands channel is opening, but the upper band is not moving down, indicating that there is still space above. If the coin price can rebound to the middle band, going short may be perfect; however, the middle band has already dropped below 2600, so the short position may need to be adjusted downward. Therefore, the low long position needs to consider whether the 2400 level can be held.

In summary, Lihui believes that bearish trends will continue to spread, and there is a demand for a pullback. Trading in the coming days should be cautious, considering the international situation's turbulence and the U.S. elections. Everyone should not blindly chase highs and sell lows; wait for the market to stabilize before entering.

Lihui suggests going short in the 2560-2590 range, with a stop loss at 2630 and targets at 2510-2460-2420; if broken, continue to hold in the 2410-2380 range!

It is recommended to try a light long position in the 2410-2380 range if it does not break, with a stop loss at 2350 and targets looking at 2470-2530-2570;

There is a delay in article review and push notifications, and the market is changing rapidly. Specific entry opportunities should be combined with actual trading operations and based on real-time notifications. Article suggested points are for reference only; do not operate with heavy positions. Please have your take-profit and stop-loss ready when entering, and take your profits when they are good!

I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies. I welcome comments and messages from friends who are unsure about how to operate!

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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency circle, fearless of challenges, and willing to explore. As the saying goes, 'The road ahead is long and has no ending; yet high and low I will search with my will unbending.' I hope we can keep pace with the times, absorb wisdom, travel thousands of miles, endure storms, and comprehend life.

May you, under Lihui's guidance, leverage strengths while avoiding weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currencies, may we hold on to our beliefs, move forward bravely, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand on this investment journey filled with challenges and opportunities, creating brilliance together!

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