Circle Li Ying: 4.1 Ethereum (ETH) peaks and falls, encountering resistance at the upper Bollinger band, a fierce battle at 2080! Latest market analysis and trading advice interpretation
Family! The roller coaster market of Ethereum's peak and fall has come under pressure after testing the upper Bollinger band at 2087, closing with a long upper shadow bearish candlestick. The MACD red bars are quickly shortening, the DIF line is turning down and approaching the DEA line, and bullish momentum is sharply diminishing at high levels. However, the middle Bollinger band at 2048 and MA7 still constitute short-term support, and the tug of war between bulls and bears has entered a heated stage. Li Ying reminds: Short-term fluctuations are intensifying, must strictly set stop-loss orders, and avoid blindly chasing highs or bottom fishing.

The upper Bollinger band faces resistance, the channel is narrowing, the distance between the upper band at 2087 and the lower band at 2010 has changed from expansion to contraction. The price tested the upper band with a long upper shadow bearish candlestick but failed, indicating that the resistance above at 2100-2150 is very strong. The current price is at 2057, falling back near the middle Bollinger band at 2048. If it can hold above the middle band, there is still an opportunity for bulls to counterattack; if it falls below the middle band, it will return to a weak oscillation. The moving averages provide short-term support and mid-term resistance, with MACD momentum diminishing, the DIF beginning to turn down and approach the DEA, and the red momentum bars quickly shortening, indicating that bullish momentum significantly decreases. If the DIF crosses below the DEA forming a dead cross, it will confirm a short-term adjustment signal.
Short-term practical strategy (Li Ying personally guides, accurately targeting the market)
Bullish idea: 2020 to 2040, stop loss at 2000, target at 2080 aiming for 2120
Bearish idea: 2080 to 2100, stop loss at 2120, target at 2040 aiming for 2000
Li Ying's insight: The market will always reward those who respect trends and strictly adhere to rules!

Note: The above analysis is purely a technical logical deduction by Li Ying and does not constitute investment advice. The market has risks, and investments should be made cautiously.
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