Cryptocurrency Li Ying: Hidden traps in the Ethereum rising channel on 5.17! Waiting for key point testing before taking action! Latest market analysis
Cryptocurrency Li Ying: Latest market analysis of Ethereum on 5.17
Article published on 2025.5.17—00:30
Current price of Ethereum is 2575. Li Ying finds that the overall market is showing an upward trend, but there have been signs of a recent correction. The price is operating within an ascending channel and is currently close to the lower boundary of the channel. Therefore, in the short term, Li Ying believes the market is in a consolidation phase, with a risk of correction. It is important to monitor whether the price can effectively hold above the lower boundary of the channel and near MA30. If support is lost, there may be further declines in the short term; however, if support holds, it may still maintain a fluctuating upward trend.
The MACD indicator suggests that a short-term correction may continue, so Li Ying recommends a cautious approach in the short term, with attention to key support levels at 2580 and moving average support. If the price stabilizes and shows signs of a rebound, consider taking a small position to go long; if it breaks support, it is advised to temporarily watch or consider a light short position. From a long-term perspective, Li Ying suggests continuing to monitor whether the ascending channel can remain intact. Pay attention to changes in trading volume to support the sustainability of the trend.
On the technical side, the candlestick pattern has shown three rising soldiers and three black crows, indicating strong bullish and bearish forces in the market. There are signs of top reversal and bottom reversal, indicating that the buying and selling forces are exchanging densely at the current position. As long as the upward trend channel remains intact, the bullish trend will not end; conversely, a bearish trend may emerge.
Today's latest point of reference
Long entry point 2500, add position at 2450, stop loss at 30 points, target 2650
Short entry point 2650, add position at 2700, stop loss at 30 points, target 2550
The above analysis is based on Li Ying's conclusions drawn from market data and trend analysis and does not constitute investment advice. For family reference. $ETH