$ETH 📊May 11 ETH Latest Strategy & Analysis

ETH:
The current 15-minute price is operating near the middle band of the Bollinger Bands, with the bands opening upward and remaining intact. In the short term, this is a healthy pullback within an upward trend. The middle band at 2359.34 provides strong intraday support, while the upper band at 2380.89 forms a short-term key resistance;
The MACD indicator shows DIF=-1.42, DEA=1.22, MACD=-5.28, with the green bars continuously shrinking, indicating that the bearish momentum is gradually weakening. This signals a correction or consolidation during an upward move. Trading volume remains stable, and the upward trend continues without clear signs of a top or reversal.
📈 Bullish Logic:
Below, 2340-2337 is a strong intraday support zone. When the price retraces to this area, it is supported by both the lower Bollinger Band and previous low points, indicating a double support. The rebound stabilizes and continues the upward trend. If the price remains above the middle Bollinger Band at 2359, it is likely to continue rising. The first target is 2380, and after breaking through, it may test the 2390-2400 zone. In extreme cases, it could challenge the previous high at 2410.
⚠️ Risk Warning:
If the price falls back below the lower Bollinger Band support at 2337, and the green MACD bars expand again while trading volume continues to shrink, the bullish trend may quickly reverse. Be alert for a decline to the 2320-2310 zone, and strictly set stop-losses to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
• Entry Range: 2325-2330
• First Target: 2350
• Second Target: 2380
• Stop-Loss: 2315