$ETH Midday Analysis of the Double Bottom


✅Long positions on dips: Buy lightly when retesting 2355-2360 and stabilizing, with a stop loss below 2350. First target is 2377, and if broken, look at 2398-2400.
✅Short positions only for short-term corrections: If the rebound to 2375-2377 cannot go higher, try a small position, with targets at 2360-2355, and a must-have stop loss. Do not hold a full position.
Reference for Bitcoin: Currently Bitcoin is relatively strong, and ETH is likely to follow. Do not go against the trend with heavy short positions; the risk outweighs the reward.
4-hour major trend: The bullish structure is intact, the Bollinger Bands are still moving upward, and the price is holding on the middle band (2351). No breakdown, the overall trend is bullish.
1-hour rhythm: Just pulled back from the lower Bollinger Band to near the middle band, now stuck at 2367, indicating a consolidation and bottoming process, with no clear advantage for bulls or bears.
15-minute short-term: The KDJ is slightly overbought, indicating a small correction may be needed, but overall it remains above the middle Bollinger Band, with no signs of weakening for now.
#Gate广场五月交易分享 #比特币站稳8万关口 #eth
ETH-0.46%
BTC0.41%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin