$ETH CryptoLiying: April 2nd, Ethereum (ETH) bulls strongly regain ground, breaking through the upper Bollinger Band! Latest market analysis and trading suggestions

Everyone! Ethereum has shown a strong breakout trend! The price broke through the upper Bollinger Band at 2155 with a large bullish candle, and is now above the MA7 at 2124 and MA30 at 2076. The MACD has formed a golden cross above the zero line, with red momentum bars continuously expanding. The bulls have officially sounded the rally horn! However, the previous high resistance at 2200-2250 still looms, so short-term caution is needed against a pullback after overbought conditions.

The Bollinger Bands have broken above the upper band, with the opening expanding. The distance between the upper band at 2155 and the lower band at 2024 has shifted from narrowing to widening. The price has broken through the upper band with a large bullish candle, indicating short-term bullish strength is dominant. Currently, the price is running just below the upper Bollinger Band. If it can hold above the band, it will open up space for further upward movement toward 2200-2300. The short-term moving averages have formed a golden cross, with MA7 crossing above MA30, and the moving averages are diverging upward, providing support for the price. If the pullback does not break below the MA120 at this level, the bullish trend will continue. The MACD momentum continues to expand, with DIF crossing above DEA to form a golden cross above zero, clearly signaling a bullish reversal.

Short-term trading strategy (Liying’s precise market guidance):

Long idea: 2120 to 2100, stop loss at 2070, target 2160 aiming for 2200
Short idea: 2230 to 2270, stop loss at 2300, target 2180 aiming for 2130

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. ‌#金银同步走强