Academician of the cryptocurrency circle: The daily line of Ethereum on May 25 shows a clear downward arrangement! Under the waterfall of moving averages, 2000 points is the last defense line for upward movement? Latest market analysis and operation suggestions
Ethereum's current price is 2100. The market for Ethereum falls faster than anyone when it drops and lingers when it rises. At the 2100 position, it is neither strong nor weak; bulls and bears are pulling back and forth, making it a psychological purgatory. The current market is a typical case where it neither falls nor rises; 2000 is not the bottom, and 1800 could also be reached. Quick entries and exits for short-term trading, avoid being stuck in positions, and securing profits is the way to go. Surviving in the market is better than anything else. As for long-term, layout with closed eyes below 2000.
The daily K-line is still in a long-term downtrend channel, with the moving average system showing a standard downward arrangement, and all periodic moving averages exerting pressure on the price, indicating a clear downward trend. The MACD indicator's DIF and DEA are still operating below the zero line. Although the green bars have somewhat converged, there has yet to be an effective golden cross, indicating that the downward momentum has weakened, but the downward trend has not reversed. The Bollinger Bands are opening downward, with prices continuing along the lower track. The current strong resistance is around 2230, while the support is at the psychological level of 2000. Without significant positive news in the short term, it is hard to change the bearish pattern.
The four-hour K-line saw a technical rebound after touching the 2007 low, with prices briefly rising above EMA15. However, the rebound's height is limited, and current resistance remains at EMA30 and EMA60, indicating that the rebound is merely a repair during the downtrend. The MACD indicator has formed a golden cross, and the red bars continue to increase; short-term upward momentum has been released. However, the Bollinger Bands still show a downward trend, with upper track resistance at 2169 and lower track support at 2099. Prices are operating below the midline of the Bollinger Bands, and the sustainability of the rebound is questionable. It is likely to be a weak rebound, difficult to create a reversal trend.
Short-term reference:
For upward movement from 2090 to 2060, stop loss at 2010, target at 2140 to 2160.
For downward movement from 2140 to 2160, stop loss at 2180, target at 2080 to 2050.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. The publication of the article has a delay; suggestions are for reference only, and risk is self-borne.
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