Crypto Circle Li Ying: Ethereum stuck at 2308 on 4.26! Who will win the tug-of-war between bulls and bears? Technical analysis gives you the answer. Latest market analysis and trading suggestions

Everyone! Ethereum's current price is 2308, seeming to be standing still. Just a few days ago, it dropped from the high of 2463, and in recent days, it has been fluctuating around 2300, unable to fall further or rise higher. It’s like two teams pulling a rope—bulls believe 2300 is a bottom and refuse to let the price drop; bears are pressing from above, preventing it from rising easily. This kind of market is the most frustrating—looking like there’s a chance, but entering the market often results in being slapped back and forth. The market is now in a silent period, with large funds observing, and retail traders acting recklessly could easily become the harvested chives.

The Bollinger Bands middle line is at 2314, with the price closely hugging the lower band at 2304. The channel is tightly closed, indicating market volatility is converging and a direction choice is imminent. On the MACD indicator, DIF and DEA are extremely close below the zero axis and slightly trending upward, with the green bars almost disappearing, which means the bearish momentum has almost exhausted. Bulls may be secretly gathering strength for a counterattack. Regarding moving averages, MA7 is pressing downward, while MA30 and MA120 are lined up above, forming a heavy resistance zone, making it difficult to break through in the short term.

Short-term trading strategy (Li Ying’s precise market alignment)

Long position idea: 2300-2310, stop loss at 2290, target 2330 aiming for 2340

Short position idea: 2340-2350, stop loss at 2360, target 2320 aiming for 2300

Key levels: 2304 is the defensive bottom line for bulls; if it cannot hold, further correction is likely. 2314 is the dividing line between bulls and bears; a breakout could lead to a rebound. Currently, it’s recommended to observe more and act less, waiting for a clear direction before taking action. Position size should be controlled within 10%-20%, with strict stop-loss measures.

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 ‌#rsETH攻击事件后续进展