Coin Circle Li Ying: On March 31, Ethereum (ETH) broke through the triangular suppression, with bulls aiming for 2200? Latest market analysis and trading suggestions
Family! Ethereum has finally broken the dull pattern of low-level triangular convergence! The price broke through the middle track of the Bollinger Bands at 2078 with a strong bullish candle and stood above MA7 and MA30. MACD formed a golden cross below the zero axis, and the red momentum bars continue to expand, signaling the bulls' official counterattack! However, the upper MA120 and previous resistance at 2100-2150 are still watching closely, so caution is needed for false breaks followed by pullbacks in the short term.

The distance between the upper track of the Bollinger Bands at 2078 and the lower track at 1960 has shifted from extreme convergence to moderate expansion. The price has broken through the middle track at 2078 with a large bullish candle, indicating that short-term bullish strength is dominant. The price of 2074 is running close to the lower side of the upper track of the Bollinger Bands. If it can stabilize above the upper track, it will open up upward targets of 2100-2200. The short-term moving averages have formed a golden cross, and the moving averages are diverging upwards, providing support for the price. The MACD indicator has confirmed a golden cross, momentum continues to amplify, and bearish momentum is completely exhausted, making the bullish counterattack signal clear.
Short-term practical strategies (Li Ying shares, precise market alignment)
Long Position Strategy: 2020 to 2050, stop loss at 2000, target at 2150 aiming for 2200
Short Position Strategy: 2010 to 2000, stop loss at 2030, target at 1960 aiming for 1910
Li Ying's Insight: The current market is in the calm before the storm; professional traders are testing their patience and discipline at this time. Remember: it is better to miss out than to make mistakes; it is better to take a small loss than a big one. The market will always reward those who respect trends and strictly follow the rules!

Note: The above analysis is based solely on technical logical deduction by Li Ying and does not constitute investment advice. The market has risks, and investment should be cautious.
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