Crypto Circle Li Ying: Ethereum's Long-Lasting Momentum on May 11! How Should Newbies Position Themselves? Latest Market Analysis
Crypto Circle Li Ying: Latest Market Analysis of Ethereum on May 11
Article Publication Time: 2025.5.11—01:00
Current Price of Ethereum: 2465. There's no need to doubt the determination of the bulls; just go with the flow. The overall upward trend in the market has become clear, and during the recent accelerated upward movement, the price has broken through previous highs, setting new highs. This trend is supported by a series of bullish candlestick formations, and the accelerated rise after breaking the consolidation pattern further confirms the strong buying power. At this moment, Li Ying definitely stands firmly with the main force, following the trend and primarily taking long positions.
From a short-term perspective, although there are some signs of overbought conditions at high price levels, the indicators still show a strong bullish trend. MACD, Bollinger Bands, and KDJ, among other indicators, are all operating at high levels, indicating that the market may continue to maintain a strong upward momentum. Therefore, Li Ying suggests that everyone continues to hold long positions in a clearly rising trend to align with market movements.
Li Ying reminds everyone to consider setting technical support stop-loss levels to lock in profits and mitigate risks. At the same time, pay close attention to any potential pullback or high-level consolidation signals, especially price changes in overbought areas. For aggressive investors, it may be wise to reduce positions at high price levels to secure some profits and avoid potential pullback risks in the short term. Do not short, especially during the current strong trend phase; even if following the trend, do not go against it.
Today's Latest Reference Points
Long Entry Point: 2400, Add: 2350, Stop: 30 points, Target: 2500
Short Entry Point: 2750, Add: 2800, Stop: 30 points, Target: 2200
The above analysis is derived from Li Ying's conclusions based on market data and trend analysis and does not constitute investment advice. For family members' reference. $ETH