$ETH CryptoCircle LiYing: From 2423 to 2290 on 5.9, when will Ethereum's lukewarm frog-style gradual decline end? LiYing exclusively reveals the bear trap! Latest market analysis and trading strategy insights

　　
　　Article release date: 2026.5.9-----00:30
　　
　　At the time of publication, Ethereum's current price is 2290. Ethereum's situation is very delicate right now; the 2290 level hangs in the air. It looks quite calm, but there are undercurrents. LiYing has observed that since the peak at 2423, the highs are continuously decreasing, and the lows are also constantly being refreshed. This is a standard downward channel. Although it has now fallen to 2218 and seems to have stabilized, this is more like a fueling station for the downtrend rather than the starting line for a reversal. For traders like us, the current market feels like a chicken rib—tasty to look at but a pity to abandon. LiYing reminds everyone that if you're not a short-term expert, it's better to watch more and act less. The market sentiment is very fragile now; a little negative news can push prices back to the original level. As traders, we are not afraid of falling or rising, but we fear this lukewarm frog-style gradual decline. Next, let's look at the key points of breaking the deadlock through hard indicators.
　　
　　LiYing directly examines the data. The moving average system currently shows very obvious bearish suppression, with MA30 and MA120 forming a double top above, making it impossible for the price to break through without significant positive news. Although the current candlestick is above MA7, this is only a short-term respite. The most critical signal comes from MACD, where DI and DEA show a weak golden cross, but both lines are below the zero axis, which usually only indicates a weak rebound. Moreover, the MACD red bars are very short, indicating that the bullish momentum is extremely limited. Combining with the candlestick pattern, a small consolidation platform has formed around 2290. Once this platform breaks downward, the abyss awaits below; if it holds, it can at most rebound to around 2320.
　　
　　Short-term reference:
　　
　　For positions around 2280-2250, exit if it breaks below 2220, aiming above 2300 and targeting 2320
　　
　　For positions around 2320-2350, exit if it breaks above 2380, aiming below 2280 and targeting 2220
　　
　　All the above content is exclusively original by LiYing. Please indicate the source when reprinting! Due to the delay in article review and publication, market conditions change rapidly. The above suggestions are for reference only; trade at your own risk. We hope LiYing's insights will be helpful to you!
　　
　　The content of this article is real-time and for reference only. Trade at your own risk. ‌#比特币跌破8万美元