$ETH 📊 May 8 ETH Latest Strategy & Analysis

ETH:
Currently, the 15-minute price is trading below the middle band of the Bollinger Bands, which are overall opening downward, with the middle band at 2276.73 continuously suppressing the price. The short-term market is in a weak oscillating downward structure, with the upper band at 2284.44 serving as strong intraday resistance, and the lower band at 2269.02 acting only as a temporary weak support;
MACD indicators DIF=-2.51, DEA=-2.88, MACD=0.75, although a small red histogram is appearing in the short term, overall it remains below the zero line, indicating the bearish trend has not reversed. Trading volume remains sluggish, buy-side momentum is weak, and the rebound is only a weak correction, with downside risk still dominant.
📉 Bearish Logic:
The range of 2275-2285 above is a strong intraday resistance zone. When the price rebounds to this area, it will face dual resistance from the middle band of the Bollinger Bands and the downward trend line, making it difficult for a weak rebound to change the downward main trend. If the price continues to be pressured below the upper Bollinger Band at 2285, it is likely to continue downward, with the first target at 2265. If broken, it can further decline to the 2255-2250 range, and in extreme cases, test the previous low support at 2240.
⚠️ Risk Reminder:
If the price volume breaks through the upper Bollinger Band at 2285 with increased volume, and the MACD red histogram continues to expand along with a surge in buy volume, the short-term bearish trend will reverse. Caution is needed as the market may rebound to the 2295-2305 range, and strict stop-loss measures should be set to avoid breakout risks.
🎯 Main Strategy: Bearish
· Short entry zone: 2280-2290
· First target: 2260
· Second target: 2250
· Stop-loss level: 2300