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Thursday: Afternoon Ethereum Market Analysis
This afternoon, ETH is experiencing a weak rebound after a low-level stabilization, with the previous downward momentum clearly exhausted. The price has formed a stabilization pattern at the low end, typical of a technical rebound after an oversold condition, and is in a transitional period where the bearish tide is receding and the bulls are attempting to counterattack.
The short-term moving averages' bearish pressure continues to weaken, the downward pace of the price slowdown, no longer making new lows, and there is a need to test the short-term moving averages upward and turn resistance into support. The bearish forces are basically cleared out, and bullish reversal signals are gradually forming, serving as the core support for a short-term rebound.
Trading suggestion: Buy at 2310-2320, target 2360-2400
#Gate广场五月交易分享 #稳定币储备下降 $ETH