5.11 Ethereum Short-term Market Analysis



From the 15-minute chart, Ethereum is still operating within a clear upward channel, and the overall bullish structure remains intact.

Since the previous low of 2262, the price has been oscillating upward along the channel, currently encountering short-term resistance near 2390. Combining wave patterns and channel structure, the price is very likely to enter a pullback correction phase in the short term, with a target around the channel's lower support at 2320; if the pullback confirms support is effective, there is potential to resume the upward push, challenging the key resistance near 2425.

In terms of trading strategy, the overall approach is to focus on buying low:

- Long opportunities can focus on support levels such as 2320, 2270, 2230, entering in batches and setting corresponding stop-losses.
- Short positions are only suitable for light positions at high levels like 2380, 2420, with stop-losses set above resistance levels to avoid risks from trend breakouts.

Markets change rapidly; the above analysis is only for technical reference and does not constitute any investment advice. Please ensure proper position and risk management when trading.
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