Crypto Circle Li Ying: On April 23, Ethereum’s daily moving-average crossover continues, but insufficient volume limits the short-term upside! Latest market analysis and trading operation suggestions

Brothers and sisters! Ethereum is now at 2402, like you’ve climbed to a rest platform halfway up the mountain. Recently, it has risen all the way from over 2100, and now it’s hovering just above 2400, feeling a bit like it can’t go up or down easily. On the chart, the purple Bollinger Band upper band is near 2429, like a small slope; while the prior high at 2463 is like a more obvious summit. Judging from the trend, every dip gets bought back up, which shows there are plenty of people below waiting to take it; but once it pushes above 2400, it feels a bit hard, and buyers start to hesitate. Simply put, it wants to go up, but rushing up in one go is a bit tiring; it wants to fall, but there are several hands propping it up from below. Bulls and bears are wrestling right here, waiting to see who has the stronger power. Next, if it can surge and break through the previous high at 2463 in one go, the path will be clear; if multiple attempts to push higher fail, it may turn back and look for support again.

The 2-hour K-line is trading between the Bollinger Band middle rail and the upper rail. The Bollinger Bands are opening upward, hinting that price volatility may increase and a choice of direction is imminent. The moving average system shows a typical bullish arrangement, with the short-, mid-, and long-term moving averages lined up in order from top to bottom, and the price is stably trading above all moving averages, indicating the overall uptrend structure is healthy. The MA30 and the Bollinger Band middle rail at 2346 together form a key support zone. The MACD indicator shows that the DIF line and DEA line are maintaining a golden cross state above the zero axis, and the red momentum histogram bars continue to expand, confirming the advantage of current bullish momentum. However, it’s important to note that the price is approaching the previous major high at 2463, and this level will act as direct resistance. If the subsequent trading volume can be effectively increased to cooperate, a breakout may be possible; if the price stalls with shrinking volume here, be alert to the risk of a short-term pullback.

Short-term trading playbook (Li Ying personally teaches, precisely benchmarked to the order book/price action)

Go long thinking: 2345-3355, stop-loss 2300, target 2450 aiming for 2500

Go short thinking: 2450-2480, stop-loss 2510, target 2400 aiming for 2350

Overall strategy: We are currently in a consolidation phase just before a key resistance level. It’s recommended to focus mainly on a buy-the-dip approach; for high shorts, enter and exit quickly. All trades must strictly set stop losses and control position risk.

Note: The analysis above is Li Ying’s technical analysis logic only and does not constitute investment advice. The market is risky; invest cautiously. $ETH ‌#比特币反弹