Crypto Circle Li Ying: April 21st, Ethereum consolidates with decreasing volume, building momentum to challenge previous high resistance! Latest market analysis and trading suggestions

Family members! Ethereum is currently priced at 2306, below the middle band of the Bollinger Bands at 2311, above the lower band at 2261. The Bollinger Bands are narrowing, indicating a decrease in short-term volatility, and the market is entering a pre-directional consolidation phase. After rebounding from the previous low of 1936, the price faced resistance at 2463 and pulled back, forming a correction within an upward channel. In the moving average system, MA7, MA30, and MA120 are nearly converged, forming a short-term "dense support zone of moving averages," with MA120 serving as a medium- to long-term trend line, providing effective support for the price. Currently, the price is close to MA120; if it can hold above this moving average, the rebound probability will increase; if it breaks below the lower Bollinger Band at 2260, the upward trend may pause temporarily.

In the MACD indicator, DIF and DEA form a death cross near the zero axis, with the green bars shrinking, indicating weakening bearish momentum and signs of a tentative bullish rebound. However, from the volume perspective, recent candlestick amplitude has narrowed, and trading volume has not significantly increased, suggesting cautious market activity, with both bulls and bears waiting for a breakout signal. Combined with candlestick patterns, recent days have shown small bullish and bearish oscillating candles, reflecting a tug-of-war between buyers and sellers, and a need for volume breakout above the middle line or a breakdown below the lower line to break the equilibrium.

Short-term practical strategies (Li Ying personally teaches, precisely aligned with the market):

Long position idea: Increase volume and break through 2355-2360 to go long, stop loss at 2320, target 2420 aiming for 2450

Short position idea: Short at 2250-2260 below, stop loss at 2280, target 2220 aiming for 2180

The market will always reward those who respect the trend and strictly follow the rules!

Note: The above analysis is based solely on technical logic by Li Ying and does not constitute investment advice. The market carries risks; invest cautiously. $ETH ‌#加密市场小幅下跌