Li Ying in the Crypto Circle: Latest Market Analysis of Ethereum on May 17

Article Published on May 17, 2025 — 00:30

The current price of Ethereum is 2575. Li Ying has observed that the overall market is showing an upward trend, but there are recent signs of a pullback. The price is operating within an ascending channel and is currently close to the lower boundary of the channel. Therefore, in the short term, Li Ying believes the market is in a consolidation phase with a risk of pullback. It is essential to monitor whether the price can effectively hold above the lower boundary of the channel and near the MA30. If the support fails, there may be further declines in the short term; however, if the support holds, the market may still maintain a fluctuating upward trend.

The MACD indicator suggests that a short-term pullback may continue, so Li Ying recommends a cautious approach in the short term, paying attention to key support levels at 2580 and the moving average support. If the price stabilizes and shows signs of a rebound, consider taking a small long position; if it breaks below support, it is advisable to wait and see or take a light short position. From a long-term perspective, Li Ying suggests continuing to monitor whether the ascending channel can remain intact. Keep an eye on changes in trading volume to support the sustainability of the trend.

On the technical front, the candlestick patterns show a red three soldiers and a black three soldiers, indicating strong bullish and bearish forces in the market. There are signs of both top and bottom formations, suggesting that the bulls and bears are exchanging positions densely at the current level. As long as the upward trend channel remains intact, the bullish trend will not end; conversely, a bearish trend may emerge.

Today's Latest Reference Points

• Long Entry: 2500, Add Position: 2450, Stop Loss: 30 points, Target: 2650
• Short Entry: 2650, Add Position: 2700, Stop Loss: 30 points, Target: 2550

The above analysis is based on market data and trend analysis by Li Ying and does not constitute investment advice. It is for reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are to be borne by the reader.

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