Crypto Circle Li Ying: Ethereum remains volatile at 5.7. Why does Li Ying insist on staying on the sidelines and waiting for a turning point? Latest market analysis and trading guide

　　Article release date: 2026.5.7-----00:30

　　As of before publication, Ethereum's current price is 2360. From the market trend, it’s clear that Ethereum has been stuck in a volatile range between 2300 and 2400 recently. Previously, the price surged to 2463 but failed to hold the gains, then declined all the way to 2218 before rebounding. It is still in a phase of consolidation. Currently, the short-term EMA7 and the long-term EMA30 and EMA120 moving averages are intertwined, clearly indicating that the bulls and bears are in a state of equilibrium. The market lacks a clear trend signal, and the price is like hesitating at a crossroads, making it difficult to determine the direction forward.

　　From a technical indicator perspective, the DIF and DEA in the MACD are entangled near the zero line, and the MACD histogram shortens below the zero line without showing significant signs of expansion. This suggests that market momentum is weak, and both bulls and bears are waiting for a breakout opportunity. Regarding the moving average system, all cycle averages are close together, further indicating current trend uncertainty. The previous high of 2423 forms a strong resistance level, while the low of 2218 is a key support level. The current price of 2360 is sandwiched in the middle. If the price breaks through the 2423 resistance, an upward trend may follow; if it falls below the 2300 support, further decline is possible. Overall, the consolidation pattern remains unchanged. Li Ying recommends everyone stay cautious and wait for a clear breakout signal.

　　Short-term reference:

　　Buy at 2340 and 2300, exit if below 2280, aiming above 2400 towards 2420

　　Sell at 2380 and 2400, exit if above 2420, targeting below 2330 towards 2300

　　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. Trade at your own risk. $ETH ‌#加密市场回升