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Midday Analysis of the Second Contract$ETH
✅ Long Position Ideas
Wait until 2300-2305 stabilizes before lightly trying, target at 2325-2335.
✅ Short Position Ideas
Wait until 2325-2335 faces resistance before trying, target at 2310-2300.
✅ Breakout Response
Break through 2340, follow the trend long, target at 2380-2397
Drop below 2295, follow the trend short, target at 2260-2250
The 4-hour chart just recovered from a pullback, price is stuck near the middle band of the Bollinger, upper band at 2397 is strong resistance, lower band at 2254 is support, overall oscillating with a bullish bias.
The 1-hour chart is moving upward along the middle Bollinger band, short-term bulls are dominant, but indicators have already reached high levels, chasing longs may easily face a pullback.
The 15-minute small cycle is already showing some fatigue, indicators are starting to decline, midday is likely to be a high-level consolidation, avoid chasing blindly.
#Gate广场五月交易分享 #BTC重返8万 #eth