5.11 Mu Feng Ethereum Intraday Analysis



In the morning, Ethereum surged along with Bitcoin to a high of 2380, then faced resistance and pulled back, now at 2348, maintaining a wide-range oscillation overall. The medium- to long-term bullish logic remains unchanged, with a focus on breaking through the 2400 level.

The daily chart has stabilized above the 50-day moving average, with bullish indicators improving; the four-hour Bollinger Bands are tightening with oscillation, facing resistance at 2380 and solid support at 2310, showing a bullish trend with no breakdown signals.

Intraday, rely on the low range of 2320–2330 for long positions, with a stop loss below 2300; first target at 2390, and if broken, then aim for 2460. Strictly control position sizes, operate within the range, and add positions on volume breakout in the trend.
ETH0.28%
BTC0.07%
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