$ETH CryptoCircle LiYing: On 5.11, Ethereum's Bollinger Band middle support is effective, is an upward channel about to open? Latest market analysis and trading suggestions explained

　　
　　Article release date: 2026.5.11-----00:50
　　
　　At the time of publication, Ethereum's current price is 2345. The current market looks like a pot of water heated to 99 degrees, just missing that final spark. From the chart, the previous downtrend has been contained, and the bottom is gradually rising. The current sideways consolidation is just clearing out floating positions, waiting for the main funds to ignite. For friends trading on the right side, now is not the time to go all-in; we need to wait for a clear breakout signal!
　　
　　Technical analysis shows that EMA7 and EMA30 are entangled, indicating the short-term direction is unclear and a choice is being made. The MACD indicator is oscillating slightly above the zero line, with a DIF value of 6.42 indicating bulls are slightly favored, but the advantage is not obvious. The most critical point is the Bollinger Bands, which are currently in a converging state, with the price tightly hugging the middle band at 2324, and the upper band pressure at 2343. Once the price volume breaks above 2350, it will confirm an effective breakout, signaling a smooth one-way trend. Therefore, LiYing believes that if the price can hold above 2345, it means a breakout from the short-term box consolidation.
　　
　　Short-term reference:
　　
　　Buy at 2330-2300, exit if below 2270, aiming above 2370 towards 2420
　　
　　Enter short position if it breaks below 2320, stop loss at 2340, exit very short-term at above 2300
　　
　　Opportunities for short positions are relatively few; unless the price shows obvious weakness near 2380, it is not recommended to short against the trend. Defensive position is set at 2390.
　　
　　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 ‌#BTC重返8万