Coin Wave Riding: 5.26 Ethereum (ETH) Market Analysis Reference:

The current price of Ethereum is 2096, at a low bottoming stage after a deep correction on the daily chart, currently oscillating narrowly above the lower band of the Bollinger Bands, with the middle band forming strong resistance, and the lower band being the short-term lifeline. The MACD indicator shows the DIF line continuously declining below the DEA line; although the histogram is slightly shortened, bearish momentum still dominates the market; the KDJ indicator has formed a golden cross at a low position, and the RSI indicator's three lines continue running below 50, maintaining a weak pattern. The price has broken below all short-term EMA moving averages, with the long-term EMA120 still showing a downward suppression trend, and a clear reversal signal has not appeared on the daily chart. If it cannot quickly recover the middle band of the Bollinger Bands, it is very likely to test the support of the lower band again.

On the shorter 4-hour level, Ethereum is in a weak rebound consolidation phase after a decline, with the price operating near the middle band of the Bollinger Bands. The MACD indicator's DIF line has turned downward below the zero axis, showing signs of forming a death cross, with the histogram continuously shrinking and bullish momentum rapidly diminishing; the KDJ indicator is also turning downward at a high position, forming a death cross signal, while the RSI indicator's three lines are weakly oscillating in a neutral range, not forming effective bullish momentum. The price is under pressure from short-term moving averages such as EMA15 and EMA20, with the upper band of the Bollinger Bands (2152) forming strong resistance, while the lower band is a key support. The 4-hour rebound momentum is insufficient; if it cannot break through the upper band of the Bollinger Bands with volume, it is very likely to retest the support of the lower band, or even test the bottom again. I hope all coin friends prepare for risk control in advance.

Coin Wave Riding: 5.26 Short-term Reference for Ethereum:

Short position: Sell in the 2180-2140 range, stop loss 30 points, target looking at 2120-2080,

Long position: Buy in the 2040-2080 range, stop loss below 2000, target looking at 2100-2150,

【The above analysis and strategies are for reference only, please bear your own risks. The article review and release may be delayed, and the strategies are not timely, do not operate blindly】

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