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

Yesterday, Ethereum short positions at 2350-2370 exited profitably again, with the 4-hour Ethereum chart dropping quickly from a high of 2422.52, completing a sharp rise and fall, ending the previous rebound trend, and shifting into a short-term corrective decline.

4-Hour Ethereum Indicator Signal Interpretation:

BOLL Bollinger Bands

Middle band 2359.86, upper band 2401.10, lower band 2318.62

Price broke below the Bollinger middle band, trading between the middle and lower bands, indicating a short-term weak bearish pattern. The price is approaching the Bollinger lower band support around 2318, suggesting a short-term oversold rebound demand.

MACD

DIF=3.59, DEA=11.10, DIF crossing below DEA forming a death cross

MACD green bars continue to enlarge, indicating increasing bearish momentum. The two lines are diverging downward, breaking the mid-term upward trend, and the downtrend continues.

KDJ

K=21.42, D=29.62, J=5.00

J value enters oversold territory, significantly compressing the short-term downward space. The K and D lines are diverging downward at low levels, and a short-term rebound signal has not yet been confirmed, with still some bottoming inertia.

Key Support/Resistance:

Strong support: 2311-2318 zone (daily low + Bollinger lower band), breaking below opens a deeper decline space

First resistance: around 2360 (Bollinger middle band), only stabilizing here can repair the weak pattern

Strong resistance: 2400-2422 previous high

Ethereum Operation Suggestions:

Short position idea: It is recommended to continue shorting Ethereum in the 2330-2350 range, target points: 2300-2260, profit space to be controlled by oneself, stop loss at 2400!

The strategy is time-sensitive; implementation is mainly based on free guidance!$BTC $ETH ‌#Gate广场五月交易分享 #BTC回调 #美股加密概念股走强