CryptoCircle LiYing: ETH current price is over 2050. Bulls and bears are battling at MA120. Is this a trap or a golden opportunity?

Everyone! ETH is currently testing support just below MA120 (2077). This is a critical technical support level separating bulls from bears! The chart shows: 2050 is between the middle band (2089) and lower band (2042) of the Bollinger Bands, indicating a short-term bearish bias. The moving averages have broken below MA7 and MA30, but MA120 (2077) still acts as the last line of defense. MACD: a death cross above the zero line, with green momentum bars expanding, indicating increasing bearish momentum.

If the price holds above 2077: it’s a normal correction, and the bullish trend continues. If it continues to fluctuate between 2050 and 2077: the battle between bulls and bears intensifies, and a direction needs to be chosen. If it effectively breaks below the lower band at 2042: the short-term trend turns bearish, possibly testing the 2000 level.

Current price 2050 trading strategy:
Light long positions at 2050, stop-loss at 2038, targets at 2077-2100-2120.

Wait for the price to return above 2077 for a pullback long or wait for a break below 2042 for a rebound short.
Don’t try to guess the bottom or top; wait for the market to give clear signals.

LiYing’s view:
The current price of 2050 is a “fish body” pattern. Both bulls and bears have reasons, but the risk-reward ratio is not ideal. The key is whether 2077 can be reclaimed. If it can, continue to look bullish; if not, stay on the sidelines. The most dangerous move is heavy bottom-fishing or chasing shorts at 2050, as this can easily lead to a double kill of both bulls and bears. Remember: a good trader doesn’t trade every time but places big bets at high-probability levels. Clearly, 2050 is not such a position! $ETH ‌#加密市场行情震荡