Coin Circle Li Ying: On May 18, Ethereum reached the critical point of interval fluctuation. How should bulls and bears choose? Latest market analysis

Ethereum current price 2470. Yesterday, Li Ying mentioned that there was short-term downward momentum present. Before the article was published, the market had already moved

Coin Circle Li Ying: On May 18, Ethereum reached the critical point of interval fluctuation. How should bulls and bears choose? Latest market analysis

　　Coin Circle Li Ying: Latest market analysis of Ethereum on May 18

　　Article published on May 18, 2025—00:50

　　Ethereum current price 2470. Yesterday, Li Ying mentioned that there was short-term downward momentum present. Before the article was published, the market had already moved, currently hovering near the support level. Further dips can be considered before going long, as the overall trend can be seen with K-lines fluctuating in the 2400-2500 range, showing an overall downward trend that has not yet completed

　　Therefore, in the short term, Li Ying judges that the price may continue to test the key support level of 2400, and the downward trend may continue. The bearish engulfing pattern and MACD indicators show strong bearish momentum, and the pressure from long-term moving averages is significant. Thus, Li Ying suggests that the current market sentiment is bearish, advising investors to maintain a wait-and-see attitude and pay attention to whether the price can stabilize near the 2400 support level. If the price falls below 2400, protective strategies may need to be increased; if a rebound signal appears and volume recovers, consider appropriately increasing positions for rebound opportunities. Be cautious when entering, and monitor market trends and key support and resistance levels.

　　On the technical side, it’s quite simple. The first pattern to appear is the bearish engulfing pattern, which is a bearish indicator. With the MACD indicating bearish market sentiment and the current K-line at 2470, it suggests that the downward space is not yet complete, and there is a high probability of testing the 2400 support. Therefore, Li Ying advises coin friends who are going long to pay attention to this key position. If the market breaks below the trend line, stop loss and exit; otherwise, continue to hold long positions.

　　Today's latest level reference

　　Long entry point 2430, add at 2400, stop loss 30 points, target 2550

　　Short entry point 2530, add at 2560, stop loss 30 points, target 2450

　　The above analysis is based on market data and trend analysis from the order book, and does not constitute investment advice. For reference for family members $ETH