Cryptocurrency Sphere Liying: 4.2 Ethereum (ETH) bulls regain ground powerfully, breaking through the upper Bollinger band! Latest market analysis and trading advice
Family members! Ethereum has made a strong breakthrough! The price has broken through the upper Bollinger band of 2155 with a large bullish candlestick, standing above the MA7 level of 2124 and the MA30 level of 2076, with the MACD forming a golden cross above the zero axis, and the red momentum bars continuing to expand, signaling the bulls have officially sounded the counter-offensive horn! However, the resistance at the previous high of 2200-2250 is still looming, so caution is advised for a pullback after the overbought condition in the short term.
The upper Bollinger band has been broken, the opening is expanding, the distance between the upper band at 2155 and the lower band at 2024 has switched from narrowing to expanding. The price has broken through the upper band with a large bullish candlestick, indicating that the bullish force is dominant in the short term. The current price is running just below the upper Bollinger band, and if it can stabilize above the upper band, it will open up upward targets of 2200-2300. The moving averages have formed a short-term golden cross, with the MA7 crossing above the MA30, and the moving averages are showing a divergent upward trend, providing support for the price. If the pullback does not break below the MA120 position, the bullish trend will continue. The MACD indicator's momentum continues to expand, with the DIF crossing above the DEA to form a golden cross above the zero axis, indicating a clear signal for a bullish counter-offensive.
Short-term practical strategy (personally taught by Liying, precisely targeting the market)
Bullish idea: 2120 to 2100, stop loss at 2070, target at 2160 aiming for 2200
Bearish idea: 2230 to 2270, stop loss at 2300, target at 2180 aiming for 2130
The market will always reward those who respect the trend and adhere strictly to the rules!

Note: The above analysis is derived solely from technical logic as per Liying and does not constitute investment advice. The market has risks, and investment should be cautious.
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