$ETH 📊May 12 ETH Latest Strategy & Analysis

ETH:
Currently, on the 15-minute chart, the price has tested the lower Bollinger Band and stabilized with a rebound, with the lower band at 2303.39 forming a strong support. The price has not effectively broken below, indicating a healthy deep pullback within an uptrend; the middle band at 2326.81 is the core defensive level for the bulls and a key point for the price to stabilize and rebound;
The MACD indicator's green bars are continuously narrowing, the bearish momentum is gradually weakening, the DIF and DEA are slowing their decline, showing signs of turning upward; the KDJ is forming a golden cross at low levels and diverging upward, indicating sufficient short-term oversold rebound momentum. After volume decreased and stabilized with reduced selling pressure, the bearish selling pressure is weakening, and the bullish recovery signal is clear.
📈 Bullish Logic:
Below 2305‑2310 is the absolute strong support zone intraday. When the price tests this area, it is supported by the lower Bollinger Band and the previous rally platform, providing double support. After testing and stabilizing, a rebound is highly probable. If the price continues to stay above the middle Bollinger Band at 2326, a recovery rebound will begin. The first target is 2340, and after breaking through, it can explore the 2350‑2360 range. In extreme cases, it may test the previous high at 2380.
⚠️ Risk Warning:
If the price falls back below the lower Bollinger Band at 2303 and the MACD green bars expand again, with volume continuing to sell off, the bullish support fails. Caution is needed as the market may fall back to the 2290‑2280 range. Strict stop-loss measures should be set to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
‑ Entry Range: 2300‑2310
‑ First Target: 2340
‑ Second Target: 2355
‑ Stop-Loss: 2295