Crypto Circle Li Ying: 4.16 ETH fluctuates and consolidates at 2320, is it an entry opportunity or should we continue to observe? Latest market analysis and operational advice

　　Dear friends! The current price of Ethereum is 2320, with the price retracing to below the Bollinger band midline at 2337, entering a short-term correction phase. The moving average system shows a bullish arrangement but with weakened momentum: MA7 closely follows the current price creating immediate pressure, MA30 provides mid-term pressure, MA120 is long-term support, all three lines are moving up simultaneously but MA7 creates minor suppression on the current price, confirming that the mid-term upward trend remains unchanged, but short-term profit taking needs to be digested. The Bollinger band is slightly narrowing, with the price operating in the middle and lower band range, and trend strength is moderate. In the MACD indicator, DIF dips below DEA, and the green bars are widening, indicating a temporary advantage for bearish momentum, trading volume is shrinking during the pullback, bullish funds have not yet shown significant withdrawal, the technical structure is healthy but caution is needed as the pullback may deepen.

　　From a momentum perspective, the RSI indicator is around 55, in a neutral zone, and the KDJ indicator is running below 50, showing short-term adjustments but not entering oversold territory. The Bollinger band midline at 2337 serves as strong support turned pressure; if the price breaks through this point with increased volume, it will regain upward momentum targeting 2370-2416; the key support below is at the MA120 long-term support, and the immediate support from the Bollinger lower band at 2302, with stronger support at the previous low of 1936. The current price of 2320 is at a critical battleground after the pullback, if it stabilizes with the K-line closing positively in the 2302-2310 range and the MACD green bars shorten, it will be a buying opportunity for bulls; if it breaks below 2302 with increased volume, caution is needed as the trend could pull back to MA120.

　　Short-term practical strategy (shared by Li Ying, accurately targets the market)

　　Bullish approach: stabilized at 2320-2300 to try going long, stop-loss at 2260, targeting 2350 aiming for 2400

　　Bearish approach: rebound at 2390-2400 to try going short, stop-loss at 2420, targeting 2350 aiming for 2320

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

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

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