Cryptocurrency Circle Liying: Ethereum fluctuated at 5.7, why does Liying insist on staying put and waiting for opportunities? Latest market perspective and operation guide
Article published on 2026.5.7-----00:30
Before the release, the current price of Ethereum is 2360. From the market trend, it is not difficult to find that Ethereum has been stuck in the fluctuation range of 2300 - 2400 for some time. Previously, the price had once surged to 2463 but failed to hold the gains, then it fell to 2218 and rebounded. It is currently still in a phase of fluctuating consolidation. At present, the short-term moving average EMA7 and the long-term moving averages EMA30 and EMA120 are interwoven, which clearly indicates that the forces of bulls and bears are in a balanced state. The market lacks clear trend guidance, and the price is like wandering at a crossroads, making it difficult to determine the direction of movement.
From a technical indicator perspective, the DIF and DEA in the MACD indicator are entangled near the zero axis, and the MACD histogram has shortened below the zero axis without obvious signs of expansion, which means that market momentum is weak, and both bulls and bears are waiting for a breakthrough opportunity. In terms of the moving average system, the moving averages of all cycles are sticking together, further illustrating the uncertainty of the current trend. The previous high of 2423 constitutes strong resistance, while the low of 2218 is the key support level. The current price of 2360 is squeezed in between. If the price breaks through the resistance level of 2423, it may welcome an upward trend; if it breaks below the support level of 2300, it may further decline. Overall, the fluctuating pattern remains unchanged, and Liying suggests that everyone maintain a wait-and-see attitude, waiting for clear breakthrough signals to appear.
Short-term reference:
Take positions at 2340 and 2300, exit if it breaks below 2280, target above 2400 aiming for 2420
Take positions at 2380 and 2400, exit if it breaks above 2420, target below 2330 aiming for 2300
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The content of the article is timely, for reference only, risk is self-borne
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