$ETH CoinMarketLiYing: 4.2 Ethereum (ETH) bullishly recovers lost ground, breaks through the upper Bollinger Band! Latest market analysis and trading suggestions

Familiars! Ethereum has made a strong breakout! The price has broken through the upper Bollinger Band at 2155 with a large bullish candle! It has also risen above the MA7 at 2124 and the MA30 at 2076. The MACD is forming a golden cross above the zero line, and the red momentum bars continue to grow, officially signaling a bullish counterattack! However, the previous high resistance at 2200-2250 still looms, so in the short term, caution is needed against a pullback after overbought conditions.

The Bollinger Bands have broken above the upper band, with the opening expanding. The distance between the upper band at 2155 and the lower band at 2024 has shifted from narrowing to widening. The price has broken through the upper band with a large bullish candle body, indicating that short-term bullish strength is dominant. Currently, the price is running just below the upper Bollinger Band. If it can stabilize above the band, the upward space will open toward targets of 2200-2300. The short-term moving averages are forming a golden cross, with MA7 crossing above MA30, and the moving averages are diverging upward, providing support for the price. If the pullback does not break below the MA120 at this level, the bullish trend will continue. The MACD indicator’s momentum continues to expand, with DIF crossing above DEA to form a golden cross above the zero line, clearly signaling a bullish counterattack.

Short-term practical strategy (LiYing personally teaches, precisely aligned with the market)

Long entry idea: 2120 to 2100, stop loss at 2070, target 2160 aiming for 2200
Short entry idea: 2230 to 2270, stop loss at 2300, target 2180 aiming for 2130

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

Note: The above analysis is for technical logic deduction only by LiYing and does not constitute investment advice. The market carries risks; invest cautiously. #金银同步走强