Crypto Circle Li Ying: May 29th Ethereum (ETH) Latest Market Analysis and Trading Recommendations

　　
　　Article published on 2026.5.29-----00:30
　　
　　Family! As of before the publication, Ethereum is priced at 1985. From the daily chart perspective, since the downtrend started in early May from the high of 2422, despite multiple technical rebounds, the bearish pattern has not been reversed. Recently, the price has been fluctuating narrowly between 1965 and 2050, and the market is in a phase of choosing direction—whether to continue the downtrend testing lower support levels or to rely on key levels for a reversal? Combining the three core indicators—moving averages, MACD, and Bollinger Bands—we analyze the bullish and bearish logic behind the current technical signals one by one.
　　
　　Moving average system: EMA7, EMA30, and EMA120 are in a bearish alignment, with short-term averages continuously suppressing the price. Rebounds near the moving averages are met with selling pressure, reflecting that the current market is still dominated by bears; MACD indicator: DIF and DEA are below the zero line, with green bars shrinking but not turning red, indicating that the downward momentum is weakening marginally, but there is no effective bullish reversal signal yet; Bollinger Bands indicator: the middle band at 2029 acts as resistance above, and the lower band at 1950 is short-term support. The narrowing channel suggests an imminent change in trend, so caution is needed for a breakout leading to a one-sided market.
　　
　　Short-term reference:
　　
　　Buy at 1930-1900, exit if below 1870, target above 1960 aiming for 2000
　　
　　Sell at 2030-2070, exit if above 2100, target below 1950 aiming for 2000
　　
　　The above content is exclusively original by Li Ying. Please indicate the source when reprinting! Due to delays in article review and publication, market conditions change rapidly. The above suggestions are for reference only; trade at your own risk. We hope Li Ying’s insights will be helpful to you!
　　
　　The content of this article is real-time and for reference only. Please trade cautiously #24h加密合约清算破4亿美元 $ETH