Circle Li Ying: Ethereum's volatile pattern has not broken. Why does Li Ying insist on not seeing the rabbit before scattering the eagle? Latest market analysis and operational suggestions

Article release time: 2026.5.6-----01:10

Before the release, the current price of Ethereum is 2365. From the price chart, it has been fluctuating between 2300 and 2400 recently. After rising to 2423 and retreating, it dropped to 2218 and then rebounded, currently in a volatile consolidation phase. The short-term moving average EMA7 and the long-term moving average EMA120 are quite close, indicating that the forces of bulls and bears are temporarily balanced, with no particularly obvious unilateral trend, just like two people in a tug-of-war, with no clear winner for now, and the price is hovering in the middle.

From the technical indicators, the MACD's DIF and DEA are entangled near the zero axis, the green bars have decreased while the red bars do not show significant expansion, indicating insufficient momentum; in the moving average system, the short-term moving average and the long-term moving average are merging, which suggests an unclear trend. The previous high of 2423 is a resistance level, while the low of 2218 is a support level, and the current price of 2364 is squeezed in between. If it breaks through 2423, it may open up upward space; if it breaks below 2300, it may dive lower. However, overall, the volatile pattern has not broken, and Li Ying advises everyone to patiently wait for a breakthrough signal to confirm the direction.

Short-term reference:

Open position at 2340 and 2300, exit if it falls below 2280, target above 2400 aiming for 2420

Open position at 2380 and 2400, exit if it breaks through 2420, target below 2330 aiming for 2300

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