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$ETH CryptoLiying: 4.12 Bullish Attack Horns Sound! Ethereum Breaks 2200 and Steadily Holds Above Upper Band! Latest Market Analysis and Trading Suggestions
Family! Ethereum’s current price is 2246, in the acceleration phase of a strong bullish channel, climbing vigorously along the middle band of the Bollinger Bands, recently breaking through the psychological level of 2200 with increased volume, reaching a new high of 2273, now forming a bullish retest and confirmation of a breakout structure around 2246. The Bollinger Bands are opening upward, with the upper band at 2237 being effectively broken, the current price staying above it, and the lower band at 2160 forming a strong support zone. MA7 and MA30 are in a bullish alignment, indicating a strong medium-term trend. The MACD lines are running high, with the red histogram expanding, showing abundant momentum, indicating that the bulls still firmly control the market.
The price is currently in the upper half of the Bollinger Bands, closely hugging the upper band, and has broken through the upper band’s resistance, which is a typical sign of a strong bullish signal. Although the MACD indicator is at a high level, the two lines have not shown a death cross, and the red histogram continues to expand, indicating that bullish sentiment remains high. Volume has modestly increased after breaking through 2200, showing continuous capital inflow and strong market buying enthusiasm. As MA120 serves as a long-term trend anchor, it has been effectively stabilized, and the medium-term trend has not reversed, so Liying’s outlook remains bullish as yesterday, continuing to hold and look higher.
Short-term practical strategy (Liying’s precise market alignment)
Bullish approach: Hold at 2210-2220, stop loss at 2180, target 2270 aiming for 2320 (main bullish)
Bearish approach: 2280-2300, stop loss at 2330, target 2220 aiming for 2200 (cautious bearish)
The market will always reward those who respect the trend and strictly follow the rules!
Note: The above analysis is based solely on technical logic by Liying and does not constitute investment advice. The market carries risks; invest cautiously. #Gate上线Pre-IPOs