Cryptocurrency Circle Li Ying: On May 11, Ethereum's Bollinger Bands middle track support is effective, is the upward channel about to open? Latest market analysis and operational advice.
Article published on May 11, 2026 - 00:50.
Before publication, the current price of Ethereum is 2345. The current market is like a pot of water heated to 99 degrees, just needing that one spark. From the chart, the previous downward trend has been curbed, and the bottom is gradually rising. The current sideways volatility is clearing out floating funds, waiting for the main funds to ignite. For friends making right-side trades, now is not the time for heavy positions; we need to wait for a clear signal to break through!
From a technical analysis perspective, the EMA7 and EMA30 are intertwined, indicating that the short-term direction is unclear and is choosing a direction. The MACD indicator is slightly oscillating above the zero axis, with a DIF value of 6.42 indicating that the bulls have a slight advantage, but the advantage is not obvious. The most critical aspect is the Bollinger Bands, which are currently in a contraction state, with the price closely following the middle track at 2324, and the upper track pressure at 2343. If the price surges above 2350, it will confirm a valid breakout, and there will be a smooth one-sided market. Therefore, Li Ying believes that if it can stabilize above 2345, it means breaking out of the short-term box volatility.
Short-term reference:
For long positions, enter at 2330-2300, exit below 2270, target above 2370 aiming for 2420.
For short positions, enter below 2320, stop loss at 2340, target for a quick exit at 2300.
Short opportunities are relatively rare; unless the price rises to around 2380 with a clear sign of weakness, it is not recommended to take a short position against the trend, with the defensive position set at 2390.
The above content is exclusive original work by Li Ying, please indicate the source when reprinting! Article publication review has a delay; the market changes rapidly; the above advice is for reference only and risks are to be borne by oneself. I hope Li Ying's appearance will be helpful to you!
The article content is timely and for reference only; risks are to be borne by oneself.
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