Coin Circle Liying: 5.16 Ethereum (ETH) Latest Market Analysis and Trading Suggestions
Article publication time: 2026.5.16-----00:30
Family! Before publishing, the current price of Ethereum is 2222. What is the most feared thing in trading? The most feared is subjective speculation and going against the trend. Looking at the chart, Ethereum clearly shows the two big words "bear" written on it. From the high point of 2422, each high point has been lower than the last, and the current 2222 is just a stop along the way down, so Liying believes this is definitely not the bottom. Many people like to guess the bottom, but they all end up buried. What we need to do is to follow the trend, which is downward, so we look for opportunities to short until the trend changes. The current price is tightly pressed by several moving averages, like Sun Wukong being pressed by Wuzhishan, unable to make any big waves. Unless there is a strong breakthrough with a large bullish candle above 2260, any rise can only be seen as a dead cat bounce, an opportunity to give money to shorts. So don’t rush to catch the bottom, follow the direction of the main players, and going short is the way to go.
On the technical side, the bearish trend is very healthy. EMA7 has crossed below EMA30, forming a short-term death cross, and the long-term moving average EMA120 above has created immense resistance, forming a standard bearish arrangement. The MACD indicator shows that the dual lines are diverging continuously below the zero axis, and although the green bars have shortened, they have not turned red, indicating that bears are still dominating the market. The Bollinger Band indicator shows that the middle track at 2261 is tilting downwards, which is a very clear pressure line. The price is running in a weak area between the lower and middle Bollinger Bands, and as long as the price cannot effectively hold above the middle track, the downward channel will not be broken. All indicators are telling us: the trend is downward, do not resist.
Short-term reference:
Short position at 2220-2190, exit if it drops below 2170, aim for 2250 targeting above 2280
Short position at 2260-2280, exit if it breaks through 2300, aim for 2230 targeting below 2200
In the current market, shorting is not as cost-effective as going long, so it is recommended to focus on low buys.
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