$ETH The latest analysis of the market on May 5th is here. Today's market is very simple; ETH has been oscillating back and forth between 2340 and 2385, seeming to have no direction, but in reality, it's a frantic washout. When it goes up a little, there are people chasing longs, only to be immediately crushed; when it drops a little, there are people opening shorts, and it gets pulled back quickly. Essentially, this market pattern is the main force repeatedly harvesting emotions and leverage. The resistance above 2400 is very obvious, with sell orders stacked there, making it impossible to break through in the short term; but below 2340, there is support, indicating that funds are not planning to drop straight down. So, this oscillation isn't boredom; it's waiting for a real direction to be chosen. Next, focus on two points: a break above 2400, and the market will open up space; a break below 2340, and it could easily accelerate a retest. Until the direction is clear, this back-and-forth oscillation means whoever is in a hurry will lose first. Sister Mi will find suitable entry points and lead you to position in first time.

ETH0.86%
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