Coin Circle Liying: April 27 Ethereum 2344 key watershed! Is there a decisive battle between long and short positions here? Latest market analysis and operation suggestions
Families! The current price of Ethereum is 2344, and it has not yet been able to determine a clear direction. It's like a person climbing a mountain who gets tired and finds a place to rest halfway up, checking if the road ahead is still passable. Although there are occasional upward moves, it retracts as soon as it hits the overhead resistance line. It is now stuck between several important moving averages, making it difficult to move up or down; the overall feeling is that both the long and short sides are deadlocked, neither side conceding. In such times, the market is often quite grinding; chasing the rise can easily lead to being stuck, while fearing to miss out on a drop. It is best to patiently wait for it to give a clear choice before acting.

The short-term MA7 has crossed above MA30 and MA120, forming a golden cross arrangement, providing multi-layer support below the price, indicating that the short-term structure has turned bullish. A stable price above MA7 is the foundation for short-term strength. The K-line is currently running above the middle track of the Bollinger Bands, which is in a strong area. The Bollinger Bands channel has contracted after a decline and is now showing slight signs of opening, suggesting that volatility may soon increase and face a direction choice. The upper track constitutes the primary recent resistance, the middle track coincides with MA7, forming a key support area, and the MACD indicator confirms short-term rebound momentum. However, the length of the red bars has recently shortened, indicating that the upward momentum is waning. If it cannot increase significantly, one needs to be cautious of the risk of forming a top divergence or a second death cross at high levels, which would trigger a pullback, but the bullish trend remains unchanged before that.
Short-term practical strategy (taught by Liying, precisely aligned with the market situation)
Long position strategy: 2330-3310, stop loss at 2290, target 2360 aiming for 2400
Short position strategy: 2360-2370, stop loss at 2380, target 2320 aiming for 2280 (short-term)
Note: The above analysis is solely derived from technical logic by Liying and does not constitute investment advice. The market carries risks, and investment should be cautious.

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