Crypto Circle Li Ying: April 24 Ethereum 2330 fierce battle between long and short! Falling below 2300 will initiate a pullback? Latest market analysis and operational suggestions
Dear family! Ethereum is now at 2330, the upper band of the Bollinger Bands is around 2430, like a small threshold; the previous high point of 2463 is even more of an obvious peak. Recently, the price has tried to rush past 2400 several times but struggled; buyers are starting to hesitate, while sellers are seeming to want to cash in. In simple terms, it wants to rise, but it feels a bit exhausting to surge all at once; it wants to fall, but there are quite a few hands supporting below, with longs and shorts wrestling here. Moving forward, if it can surge past 2463 with volume, the path will be clear; if it fails to push up multiple times, it may turn back to 2300 or even lower to look for support.
From a technical perspective, the current price of 2330 is below the middle band of the Bollinger Bands at 2367 and above the lower band at 2303, with the Bollinger Bands in a tight state, suggesting that short-term fluctuations may narrow, and a direction choice is imminent. In the moving average system, MA7, MA30, and MA120 are in a tangled state with short-term and medium-term moving averages almost fused, indicating a temporary balance of long and short forces, with the lower MA120 and the Bollinger Bands lower band at 2303 forming a key support zone. The MACD indicator shows that the DIF and DEA have diverged downwards after a dead cross near the zero axis, with the green momentum bars continuously enlarging, confirming that short-term bearish momentum is dominant. However, it is necessary to combine with the price structure: if the price falls below the lower band of 2300, the risk of a pullback increases; if it stabilizes in the 2300-2330 range, there is still a possibility of rebounding to challenge 2400.
Short-term practical strategy (Li Ying's personal teaching, accurately targeting the market)
Long position idea: 2300-3320, stop loss at 2280, target 2450 aiming for 2500
Short position idea: 2390-2430, stop loss at 2460, target 2350 aiming for 2320
Key reminder: The current market is in an extreme consolidation state; it is recommended to patiently wait for an effective breakthrough of the 2300-2430 fluctuation range before operating in the direction. Avoid chasing highs and cutting losses within the range. All trades must be equipped with stop losses, with position control within 5%.
Note: The above analysis is solely based on technical logical deduction by Li Ying and does not constitute investment advice. The market has risks, and investment needs caution.
Warm reminder: The above content is solely created by the author on Weibo, and the advertisements at the end of the article and in the comment area are unrelated to the author. Please discern carefully, and thank you for reading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
