Bin Circle Li Ying: On April 22, Ethereum's consolidation comes to an end, a volatility window opens! Latest market analysis and operational suggestions

Family! The current price of Ethereum is 2311, at the end of the 2-hour cycle of volatility consolidation. From the candlestick structure, since the price retraced from the previous high of 2463, it has formed a converging triangle consolidation pattern in the range of 2300 - 2350. The three lines of the Bollinger Bands are narrowing: the upper band is at 2335, the middle band at 2309, and the lower band at 2283, indicating that volatility has dropped to a low level, and the breakthrough window is approaching. In the moving average system, MA7 and MA30 are almost merged, while MA120 provides mid-term support, and the three together form a moving average cluster, suggesting intense competition between bulls and bears in this area. The current price is closely positioned between the middle and upper bands of the Bollinger Bands. If it can break above the upper band at 2336 with increased volume, it will open up upward space; conversely, if it breaks below the middle band at 2309, it may test the lower band at 2284.

The MACD indicator shows a golden cross between the DIF and DEA below the zero axis, and the MACD histogram has turned positive and is continuously expanding, indicating that bearish momentum is weakening and bullish strength is accumulating. However, it needs to be noted that the golden cross is below the zero axis, which indicates a weak golden cross; strong price action is needed to confirm the reversal. In terms of trading volume, the recent volume has shrunk, and market sentiment is heavily cautious; a breakthrough needs to be confirmed with increased volume. From the candlestick pattern, there have been multiple instances recently of highs and rapid declines in the 2310 - 2330 range, indicating selling pressure above, but strong support exists below at 2280 - 2300. If the price can stabilize above 2315, it is likely to challenge 2350; if it loses 2300, it may pull back to 2280.

 Short-term practical strategy (taught by Li Ying, accurately targeting the market)

Long Position Idea: 2310-2270, stop loss at 2240, target 2350 aiming for 2370

Short Position Idea: Short term 2335-2340, stop loss at 2355, target 2300 aiming for 2280

The market will always reward those who respect trends and strictly follow the rules!

Note: The above analysis is purely a technical logical deduction by Li Ying and does not constitute investment advice. The market is risky; invest with caution.

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