Cryptocurrency Circle Li Ying: 3.17ETH market hits strong bullish breakthrough! $2300 becomes the new battleground, the main force is preparing a big move!
Today's market is too exciting! After experiencing a period of deep squat energy buildup, Ethereum has finally made a beautiful breakthrough on the 2-hour chart! Looking at this smooth rise, how many friends took this opportunity to recover? If you missed it, don’t worry, Li Ying will take you through a review to find the next entry point!
From the latest 2-hour K-line chart, the current price has steadily risen above the 2270 line and has broken the previous small platform resistance, showing a strong momentum towards the 2308 high point. The current price is closely running along the upper Bollinger band, and the Bollinger band is expanding upwards, indicating that the bullish momentum is very strong. The upper resistance level is at 2328, and the lower support is at 2029. As long as the price does not fall below the middle track, the short-term upward trend will not be broken.
The MACD indicator shows that bullish strength is accumulating, ready to burst again at any time. It can be seen that during the price rise, the trading volume has obviously increased, especially with the recent several bullish candles accompanied by increased trading volume, which is a typical bullish market where price follows volume.
Short-term practical strategy (taught by Li Ying, accurately aligning with the market)
Long position thinking: 2250 to 2270, stop loss at 2200, target at 2350 aiming for 2400
Short position thinking: 2300 to 2330, stop loss at 2350, target at 2250 aiming for 2180
The cryptocurrency circle is never short of opportunities, what’s lacking is the hardcore analysis of “understanding, keeping up, and holding on.” Follow me for daily breakdowns of the bullish and bearish codes for BTC, ETH, and mainstream coins, guiding you through bull and bear markets with a professional perspective, turning the market into a “cash machine”!
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Note: The above analysis is purely based on technical logic deduced by Li Ying and does not constitute investment advice. The market has risks, and investment should be cautious.
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