$ETH Crypto Circle Li Ying: May 23rd Ethereum (ETH) Latest Market Analysis and Trading Recommendations

　　
　　Article release date: 2026.5.23-----00:30
　　
　　Family! The current Ethereum price before publication is 2120. From the chart, you can see that the price has been falling from the previous high of 2422 down to the lowest of 2074 before barely stabilizing, now hovering around 2120. This is like a person rolling down from the mountain top, finally finding a stone halfway up the mountain to lean on and catch a breath. The current market situation is very critical, like a crossroads—whether it continues to fall or manages to catch a breath and rebound depends entirely on the upcoming performance. For retail investors, this is the most testing time for patience—fearing buying the dip in the middle of the climb, yet also afraid of missing the rebound. Don’t worry, let’s take a good look at the technicals and find the clues inside.
　　
　　The current trend remains bearish, but there are signs of stabilization. First, look at the moving average system: EMA7 is flattening but still suppressed below EMA30 and EMA120, especially the purple long-term moving average, which feels like a big sword hanging over the head, indicating that the overall trend is still dominated by bears. Next, the MACD bullish momentum is beginning to appear, but the strength is not enough, indicating insufficient confidence for a rebound. Finally, look at the Bollinger Bands: the price is currently moving between the middle and lower bands, with support near 2113 at the lower band, but the upper band at 2147 also presents significant resistance. Overall, this is a typical weak oscillation pattern after a decline.
　　
　　Short-term reference:
　　
　　Buy at 2110-2090, exit if below 2060, target 2140 aiming for above 2150
　　
　　Sell at 2145-2155, exit if above 2170, target 2110 aiming for below 2080
　　
　　The above content is exclusively original by Li Ying. 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, and risks are borne by yourself. We hope Li Ying’s analysis will be helpful to you!
　　
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