Crypto Circle Li Ying: April 29 Ethereum holds at 2274—bulls and bears are locked in fierce combat. Come quickly to uncover the best entry timing! Latest market analysis and trading operation suggestions

Family members! Ethereum is currently trading at 2274. The recent price action is like a roller coaster—up and down, and it’s really got investors’ nerves in knots. It previously surged to a relatively high point, but it didn’t hold, then it fell back. Now it’s stuck in this middle range, and everyone is torn. In the market, neither the bulls nor the bears will give in—they’re all pushing hard. Everyone is wondering: will Ethereum next push higher, or will it keep dropping? Everyone is waiting, eyes wide open, for it to give a clear signal.

From the perspective of the Bollinger Bands, the current price is near the middle band. The upper and lower bands are showing a tendency to narrow, which suggests that market volatility may move into a relatively converging period. As for the moving averages, the 7-day, 30-day, and 120-day averages are intertwined, indicating that the short-term and medium-term trend is not clear, and the market lacks a definite direction. In the MACD indicator, the DIF line and DEA line are below the zero axis, and the MACD value is negative, indicating that bearish strength is still present. However, the DIF shows signs of turning upward, hinting that bearish momentum is weakening and that bulls may have an opportunity to counterattack.

Finally, Li Ying’s recommended entry points for bulls and bears: First, for the bulls—if Ethereum’s price can break through 2300 with strong volume and hold, that would be a good entry signal. For the upside, you can initially look at the 2350–2400 range. If it can further break the previous high later on, you may consider holding. For the bears—if the price breaks below the 2250 support and can’t quickly reclaim it, it may trigger a downward move. In that case, you could consider entering a short position, with downside targets around 2200–2150.

Note: The above analysis is Li Ying’s technical-based logic deduction only and does not constitute investment advice. The market is risky; invest with caution. $ETH ‌#加密市场小幅下跌