5.12 ETH Morning Market Analysis



1. Logical Support

- Weak correlation, funds favoring Bitcoin: ETH passively follows BTC, lacking independent momentum
- Technical: - 4-hour chart: 2338 Bollinger middle band faces strong resistance, MACD bearish crossover, weak bearish momentum released
- Daily chart: 2310 as a dividing line, 2280 strong support; above 2375–2390 is a dense resistance zone
- Indicators: KDJ slightly bullish but insufficient volume, prone to quick pullback after rally
- Market sentiment: ETF inflows but selling pressure remains high, 2310–2340 mainly consolidates with narrow fluctuations

2. Trend Qualitative Analysis

Short-term: Slightly bullish with oscillation, weak correlation, range-bound control

- Not breaking 2310 → Slightly bullish consolidation
- Falling below 2280 → Turning bearish and weakening
- Surpassing 2390 → Only then can the rebound space open up

3. Practical Trading Targets

Low-position long (conservative)

- Entry: 2315–2325
- Target: 2370–2385

Aggressive short-position

- Entry: 2375–2385
- Target: 2330–2315

One-sentence summary
Trade within the 2310–2390 range, mainly long at the low end, supplement with short at the high end, and adjust positions upon breakout.
ETH-1.34%
BTC0.01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin