Wave in the Cryptocurrency Sea: 5.15 Ethereum (ETH) Market Analysis Reference:

Ethereum's upward movement has encountered resistance and retreated. Looking at the daily chart, the current coin price is hovering around 2253, positioned between the middle and lower Bollinger Bands, with the lower band support around 2230. There is a clear short-term pressure; the EMA moving averages show a bearish arrangement, with prices below the moving averages and upper pressure at the 2300-2330 range. The MACD indicator is continuing to diverge downwards, with the DIF approaching the zero axis; the histogram continues to enlarge, indicating that bearish momentum is still being released. The KDJ indicator's three lines are in the oversold range, indicating a short-term technical rebound demand; the RSI indicator's three lines are all below 50, showing an overall bearish bias. The daily level trend still remains dominated by bears, and if it cannot recover the 2300 level, it is likely to continue consolidating downwards, testing the lower Bollinger Band and previous low support at 2218.

At the short-term 4-hour level, the price is fluctuating below the middle line of the Bollinger Bands, with the Bollinger Bands opening downward. The upper band resistance is at 2314, and the lower band support at 2233, with the short-term fluctuation space narrowing. The EMA moving averages show a bearish arrangement, with prices operating below all cycle moving averages, and the upper pressure focused on the 2275-2280 range. The MACD has turned from negative to positive; however, the short-term bearish momentum has diminished, but the DIF is turning downward, indicating weak bullish momentum. The KDJ indicator's three lines formed a golden cross but are now turning down again to create a death cross, suggesting limited rebound strength. The 4-hour level is in a weak oscillation recovery phase, and if it cannot break through the 2280 resistance, it is likely to once again test the 2230-2233 support, maintaining a weak downward pattern, with strategies focusing primarily on following the trend for short positions.

Wave in the Cryptocurrency Sea: 5.15 Ethereum Short-term Reference:

Short Position: Short in the range of 2315-2085, stop loss at 30 points, target at 2265-2215,

Long Position: Long in the range of 2205-2235, stop loss at 30 points, target at 2265-2305,

【The above analysis and strategies are for reference only. Please bear the risk yourself. The article may have delays in review and publication, thus lacking timeliness. Do not operate blindly】

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