Cryptocurrency Circle Li Ying: April 26 Ethereum stuck at 2308! Who will win the tug-of-war between bulls and bears? Technical analysis tells you the answer? Latest market analysis and operation suggestions

Family! The current price of Ethereum is 2308, it seems like it's stuck in place. It just fell from a high of 2463 a couple of days ago and has been hovering around 2300 for the past few days, neither able to drop lower nor climb higher. It's like two sides are in a tug-of-war, the bulls think 2300 is a bottom and won't let the price drop; the bears are pressing down on it from above, not letting it rise easily. This kind of market is the most frustrating, as it looks like opportunities are emerging, but once you enter the market, you can easily get slapped back and forth. The market is currently in a quiet period, with large funds on the sidelines, and if retail investors make random moves, it can easily lead to being harvested like leeks.

The Bollinger Bands middle line is at 2314, with the price tightly near the lower band at 2304, and the channel is very tight, indicating that market volatility is converging and is about to face a choice of direction. On the MACD indicator, the DIF and DEA are extremely close below the zero axis and are slightly tilting upwards, with the green bars almost disappearing, which means the bearish power has almost exhausted, and the bulls may be secretly gathering strength for a counterattack. In terms of moving averages, the MA7 is pressing downwards, while the MA30 and MA120 are aligned above, forming a heavy pressure zone, making it difficult to break through in the short term.

Short-term practical strategy (Li Ying personally teaches, accurately targeting the market)

Bullish thoughts: 2300-3310, stop loss at 2290, target 2330 aiming for 2340

Bearish thoughts: 2340-2350, stop loss at 2360, target 2320 aiming for 2300

Key levels: 2304 is the defensive lower limit for bulls; if it can't hold, beware of further correction; 2314 is the dividing line between bulls and bears. A breakthrough may lead to a rebound. Currently, it is recommended to watch more and move less, wait for the direction to become clear before taking action. Position control at 10%-20%, strictly set stop losses.

Note: The above analysis is purely a logical deduction from the technical perspective of Li Ying, and does not constitute investment advice. The market has risks; investment should be cautious.

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