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$ETH CoinCircle LiYing: 4.19 Bullish arrangement is perfect, Ethereum's upward trend along MA7 is strong and healthy! Latest market analysis and trading suggestions
Family! Ethereum current price is 2360, located between the middle band and upper band of the 2-hour Bollinger Bands, the Bollinger Bands are not fully closed, but the price has fallen back from the previous high of 2463, forming a short-term correction. In the moving average system, MA7, MA30, and MA120 are showing a state of short, medium, and long-term moving average convergence, with MA7 and MA30 approaching a crossover, indicating a near short-term directional choice. The current price is suppressed by MA7; if it cannot quickly recover the middle band, it may continue to oscillate and consolidate, waiting for the moving average system to diverge again.
The MACD indicator shows that momentum is weakening, with the red histogram shortening, indicating that the bullish push is weakening, and the bears are beginning to probe for a rebound. After the high point at 2463, a double top pattern has appeared, followed by a pullback forming a descending flag oscillation structure, but it has not broken below the key support MA30 and the middle band of the Bollinger Bands, indicating the correction is still healthy. If the MACD green histogram further enlarges and falls below zero, it will confirm a short-term top signal; conversely, if the red histogram enlarges again, the bulls will regain momentum: current price around 2361, lightly long with a stop loss below 2330 (below the lower band of Bollinger Bands), targeting the 2400 resistance level and the 2450 previous high area.
Short-term practical strategy (LiYing personally teaches, precisely aligned with the market)
Long idea: 2350-2360, stop loss 2330, target 2385 aiming at 2430
Short idea: 2380-2390, stop loss 2405, target 2330 aiming at 2320
The market will always reward those who respect the trend and strictly follow the rules!
Note: The above analysis is LiYing's purely technical logical deduction and does not constitute investment advice. The market carries risks; invest cautiously. #山寨币强势反弹