Market Waves: 5.14 Ethereum (ETH) Market Analysis Reference:

Ethereum is currently quoted at 2263, under daily level trends, the price is close to the lower Bollinger Band, maintaining a narrow range of consolidation, and the three Bollinger Bands are slowly moving down, overall in a weak consolidation pattern. In the MACD indicator, DIF and DEA are still diverging downwards, and the histogram is gradually expanding, bearish momentum is still being released; in the KDJ indicator, all three lines are at a low level, with no signs of a turn yet, and the RSI indicator's three lines are hovering around 40, not entering the overbought or oversold zone, overall under weak oscillation. The EMA moving average system shows a bearish arrangement, with short-term moving averages suppressed by long-term moving averages, and the price has not been able to break through the 7-day moving average suppression, still in a recovery phase after a decline, with no clear reversal signals in the short term, need to pay attention to the support near the lower Bollinger Band, if lost, it may further dip.

On the shorter 4-hour cycle, the price rebounded slightly after reaching a low of 2233, currently operating below the middle Bollinger Band, the Bollinger Band's opening to the downside is slightly constricted, and the downward momentum has temporarily slowed. In the MACD, the fast and slow lines are running below the zero axis, DIF is turning upward, indicating a possible temporary exhaustion of bearish momentum; in the KDJ indicator, the three lines form a golden cross at a low position, with short-term rebound momentum; in the RSI indicator, the three lines are stabilizing around 40, not entering the overbought zone. The EMA moving average system still shows a bearish arrangement, with price rebounds suppressed by the EMA15, currently in a weak rebound phase after a decline. Strong resistance is located in the range of 2290-2310, if unable to break through, it is likely to continue oscillating downward. On the operational side, shorts can be laid out on highs based on this resistance range, strictly keeping stop losses to avoid risks.

Market Waves: 5.14 Ethereum Short-term Reference:

Shorts: Short in the range of 2320-2090, stop loss 30 points, target looking at 2270-2220,

Longs: Long in the range of 2200-2230, stop loss 30 points, target looking at 2350-2300,

【The above analysis and strategies are for reference only, risks are to be borne by oneself, the article review and release may have delays, strategies do not possess timeliness, please do not operate blindly】

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