Crypto Circle Li Ying: April 22nd, Ethereum is converging and consolidating—entering the final stage, and the trend-change window is opening! Latest market analysis and trading suggestions

Family! The current price of Ethereum is 2311, at the end of the 2-hour cycle’s oscillating consolidation phase. From the K-line structure, since the drop from the previous high of 2463, the price has formed a converging triangle consolidation pattern in the 2300–2350 range. The upper, middle, and lower bands of the Bollinger Bands are 2335, 2309, and 2283 respectively, all narrowing in sync, indicating that volatility has fallen to a low level and that the breakout window is approaching. In the moving average system, MA7 and MA30 are almost stuck together, while MA120 provides mid-term support. The three together form a cluster of moving averages, suggesting fierce competition between bulls and bears in this area. The current price is trading close to the middle and upper Bollinger Bands; if it can break upward through the upper band at 2336 with increased volume, it will open up upside space. Conversely, if it breaks below the middle band at 2309, it may probe down to the lower band at 2284.

The MACD indicator’s DIF and DEA form a golden cross below the zero axis. The MACD histogram shifts from negative to positive and continues to expand, indicating that bearish momentum is weakening and bullish strength is accumulating. However, note that the golden cross position is below the zero axis, which is a weak golden cross; strong price action is needed for confirmation of a reversal. As for trading volume, recent volume has shrunk and market sentiment is heavy with watch-and-wait; a breakout needs confirmation with higher volume. Judging by the K-line pattern, recently there have been multiple rallies and pullbacks in the 2310–2330 range, showing that there is selling pressure overhead, but strong support exists at 2280–2300. If the price can hold above 2315, it may challenge 2350. If it loses 2300, it may revisit 2280.

Short-term practical trading strategy (taught by Li Ying, precisely aligned with the order book)

Long idea: 2310–2270, stop loss 2240, target 2350 aiming at 2370

Short idea: short term 2335–2340, stop loss 2355, target 2300 aiming at 2280

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

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