Coin Circle Li Ying: 4.30 Ethereum Latest Market Analysis and Operation Suggestions

　　Family! The current price of Ethereum is hovering around 2266. From the overall trend, it has experienced a significant fluctuation, first rising to a high of 2463, encountering resistance and then falling back, followed by a relatively low-level consolidation. Market sentiment also fluctuates with price movements, as investors are worried about missing the opportunity for upward movement while fearing being trapped in a downward trend. So, from a technical indicator perspective, what will the future trend of Ethereum look like?

　　From the perspective of the moving average system, the 7-day moving average, 30-day moving average, and 120-day moving average are in an intertwined state. The current price fluctuating near the short-term moving averages indicates fierce competition between bulls and bears in the short term. In terms of the MACD indicator, the DIF and DEA are near the zero axis, and the MACD histogram fluctuates around the zero axis, showing that market momentum is not strong, and the forces of bulls and bears are in a relatively balanced state for the time being. However, Li Ying judges that if the subsequent MACD histogram can continue to expand and stay above the zero axis, it may signal that the bullish forces are starting to gain an advantage; conversely, if it remains below the zero axis, the bears may still have a certain advantage.

　　Finally, Li Ying provides reference points for entering positions on both sides. Firstly, for the bulls, if the price can effectively break through and stabilize above the short-term resistance level, such as the upper edge of the recent consolidation range and near the previous high, in the area of 2350 - 2400, and accompanied by an increase in trading volume, then one may consider entering a long position, targeting the previous high of 2463 or even higher, with a stop loss set at a certain range below the breakthrough point around 2300. For the bears, if the price breaks below the recent support at the lower edge of the consolidation range around 2200, and the MACD indicator remains weak below the zero axis, one may consider entering a short position, targeting lower support around 2173, with a stop loss set above the breakdown point, around 2230.

　　Note: The above analysis is solely based on technical logic of Li Ying and does not constitute investment advice. The market has risks, and investments should be made cautiously.

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