The current rebound of ETH is more like a technical correction during a decline, with the overall trend still leaning weak.



The Bollinger Bands are narrowing, with the upper band turning downward, and the price facing pressure below the middle band, with persistent selling pressure above.

The MACD has formed a weak golden cross below the zero line, with limited red bars, and the bullish momentum is insufficient to reverse the medium-term bearish trend.

The capital flow is also relatively weak, lacking incremental support, and the continuation of the rebound is questionable.

In the short term, focus on the 2318 middle band as a dividing line; before holding above it, prioritize the possibility of a rebound encountering resistance and falling back, with support targets at 2250 and 2180.
#币圈#
The market carries risks; the above is only technical analysis and does not constitute investment advice. #BitcoinSuperTopic#Gate广场五月交易分享
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