📣5/7 Ethereum Trend Detailed Analysis and Steady Operation Recommendations:



  Yesterday, Ethereum consecutively closed two short positions with continuous profits! The 4-hour timeframe for Ethereum has already shown clear signs of a pullback, with the area between 2360-2400 serving as a strong resistance zone (Bollinger middle band + upper band + previous high), and support below at 2320-2340 (Bollinger lower band + recent low). Large sell orders are concentrated above, combined with weakening signals from MACD and KDJ, making short-term bullish attacks more difficult, with a higher probability of entering a consolidation or correction phase.

  Analysis of Ethereum’s 4-hour technical indicators:

  BOLL Bollinger Bands

  Middle band MID: 2361.48, Upper band UP: 2404.15, Lower band LOW: 2318.81

  The current price is below the middle band, with the Bollinger bands still opening upward but showing signs of narrowing. In the short term, there is pressure for a pullback testing the middle band, while the lower band provides support. The price has fallen from the high of 2422.52, touching the upper band and facing resistance before pulling back, a typical signal of the upper Bollinger band encountering resistance.

  MACD

  The dual lines have already turned downward from a high position, with the red histogram bars continuously shrinking, indicating that upward momentum is significantly weakening, and a pullback or consolidation is needed in the short term. The fast line remains above the slow line, but divergence risks are beginning to appear. A death cross in the future would further confirm an adjustment signal.

  KDJ

  K value 37.55, D value 52.19, J value 8.27, has formed a death cross and is diverging downward, with the J line rapidly falling to a low level. The indicator is currently in a weak zone, not yet in the oversold area, suggesting that the pullback momentum has not been fully released, and there may still be room for further decline.

  Ethereum Trading Recommendations:

  Short position idea: Suggest entering short positions on Ethereum at 2350-2370, target points: 2320-2280, profit space is self-controlled, stop loss at 2420!

  The strategy is time-sensitive; implement strategies mainly based on free guidance!$BTC $ETH #Gate广场五月交易分享 #比特币站稳8万关口 #加密市场回升
ETH-0.95%
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