5.11 morning analysis: Ethereum follows Bitcoin to surge, but met resistance—focus is mainly on going long on dips!



Ethereum linked to Bitcoin pushed higher to probe the pressure around 2380, then got rejected and pulled back. The current price is 2343. The overall market continues to maintain a wide-range consolidation pattern. From a medium- to long-term perspective, the bullish logic still holds; the key focus is whether the 2400 critical level can be broken through smoothly.

On the daily timeframe, price is holding firmly above the 50-day moving average, and the technical indicators remain in a bullish posture. On the 4-hour chart, the Bollinger Bands continue to tighten, showing a ranging/consolidation movement. Resistance at 2380 is clearly present, and support at 2310 is solid. Overall, it is biased toward bullish operation, with no sign of a breakdown and trend reversal to bearish.

You can look to go long on dips in the 2320‑2330 range. For the short term, target 2390: #Gate广场五月交易分享 $BTC
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