Crypto Circle Academician: There is an opportunity around 2370 for Ethereum on May 6, with the most optimal long and short layout. Take a look and copy the homework directly! Latest market analysis and operational suggestions.

Ethereum's current price is 2370. The altcoin is clearly lagging behind Bitcoin in this round of ascent. Many crypto friends are calling for a catch-up rally. To be honest, watching Bitcoin soar while Ethereum remains stagnant is frustrating for everyone, but the crypto space is never short of retail investors chasing highs and cutting losses. Don't let others' calls for Ethereum to catch up and double make you act impulsively; you never know when Bitcoin might suddenly crash. Never use living expenses or borrow money to play contracts; be content with small profits, and if you incur losses, don’t get too emotional. As long as your principal is intact, opportunities will remain.

The daily K-line price is near the midpoint of a medium-term upward channel. The upward arrangement of moving averages has not changed, but the MACD indicator shows continuously shrinking red bars, and the DIF and DEA are about to form a death cross, indicating a clear signal of declining upward momentum. The Bollinger Bands are continuously narrowing; the current price is operating close to the midline, with upper resistance at 2405 and lower support at 2241. The daily-level fluctuation range continues to narrow, and directional choices are imminent. The risk-reward ratio for chasing longs has significantly decreased, and the risk of a pullback is accumulating.

The four-hour moving averages are still well arranged upwards, with short-term support moving up to around 2340. However, the price is now fluctuating below the upper Bollinger Band, and although overbought signals are not obvious, momentum continues to weaken. The MACD indicator's red bars have not disappeared, but compared to previous highs, a significant reduction in volume has occurred, gradually weakening upward momentum, with divergence signals beginning to appear. The current price fluctuates in the 2350-2400 range; if it cannot effectively break through the upper band, it is highly likely to retest the midline support of the Bollinger Band. Short-term operations need to be cautious of the risk of a high retreat.

Short-term reference: (Practical data has been updated, please consult the author for details)

Going long from 2350 to 2300, stop loss at 2270, target at 2400 to 2450.

Going short from 2400 to 2450, stop loss at 2480, target at 2350 to 2300.

I have seen too many people frequently trading during a sideways phase, losing their principal before a breakout direction emerges. I hope that when the trend comes, you and I will both be there.

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