Currency Circle Li Ying: 5.9 from 2423 to 2290, when will Ethereum's slow decline like boiling frogs come to an end? Li Ying reveals the short-selling trap exclusively! Latest market analysis and operation suggestions interpretation
Article release time 2026.5.9-----00:30
Before the release, the current price of Ethereum is 2290, and Ethereum's current situation is very delicate, with the price of 2290 hanging in the air, looking quite calm, but in reality, there are undercurrents. Li Ying found that since the peak of 2423, the highs continue to decrease, and the lows are constantly refreshing, which is a standard descending channel. Although it has now dropped to 2218 and seems to have stabilized, this resembles a fueling station in a downward continuation rather than a starting point for a reversal. For us traders, the current market is like a chicken rib, tasteless to eat, but a pity to discard. Li Ying reminds everyone that if you are not a short-term expert, it is advisable to watch more and act less. The current market sentiment is very fragile, and a little bad news can push the price back to its original shape. We, as traders, fear not drops or rises but this slow decline like boiling frogs. Next, let’s look at the hard indicators to see where the key point for breaking the situation lies.
Li Ying looks directly at the data. The moving average system currently shows very obvious bearish pressure, with MA30 and MA120 forming a double roof above. Without significant positive news, it's simply impossible for the price to break through here. Although the current K-line stands above MA7, this is just a short-term respite. The most critical signal comes from the MACD, where DI and DEA show a weak golden cross, but both lines are below the zero axis, which typically only brings about weak rebounds. Moreover, the MACD red bars are very short, indicating that bull power is extremely limited. In conjunction with the K-line patterns, a small consolidation platform has formed around 2290, and once this platform breaks down, it will lead to an abyss below; if it can hold, it may at best rebound to around 2320.
Short-term reference:
For positions 2280-2250, exit if it breaks below 2220, target above 2300 aiming for 2320
For positions 2320-2350, exit if it breaks above 2380, target below 2280 aiming for 2220
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