Coin Circle Liying: 4.2 Ethereum (ETH) bulls strongly reclaim territory, breaking through the upper Bollinger band! Latest market analysis and operational suggestions
Families! Ethereum has made a strong breakthrough! The price has broken through the upper Bollinger band at 2155 with a large bullish candle and stands above MA7 at 2124 and MA30 at 2076. The MACD has formed a golden cross above the zero axis, with red momentum bars continuing to expand, officially signaling the bullish counterattack! However, the previous high resistance at 2200-2250 still looms large, and we need to be cautious of a pullback after overbought conditions in the short term.
The breaking of the upper Bollinger band has expanded its opening, with the distance between the upper band at 2155 and the lower band at 2024 shifting from narrowing to expanding. The price has broken through the upper band with a large bullish candle, indicating that bullish momentum prevails in the short term. Currently, the price runs closely beneath the upper Bollinger band; if it stabilizes above the band, it will open up upward targets of 2200-2300. The moving averages have recently formed a golden cross, with MA7 crossing above MA30, and the moving averages are in an upward diverging pattern, providing support for the price. If the pullback does not break the MA120 position, the bullish trend will continue. The MACD indicator's momentum continues to expand, with DIF crossing above DEA, forming a golden cross above the zero axis, clearly signaling a bullish counterattack.
Short-term practical strategy (taught by Liying, accurately corresponds to the market)
Long position idea: 2120 to 2100, stop loss at 2070, target at 2160 aiming for 2200
Short position idea: 2230 to 2270, stop loss at 2300, target at 2180 aiming for 2130
The market will always reward those who respect trends and strictly adhere to rules!
Note: The above analysis is purely a logical deduction from Liying's technical perspective and does not constitute investment advice. The market carries risks; investment should be cautious.
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