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Tuesday “May 12” ETH
Ethereum’s current price continues to fall below the EMA moving averages, and the moving averages are clearly arranged in a bearish configuration, indicating the short-term trend is bearish. Any rebound is most likely to be a weak rebound!
Kong: If the 2292 support cannot hold, downside space will open up, and it will most likely test the 2280–2270 range.
Entry suggestion: When rebound pressure is at 2310–2315 and meets resistance, take a light position (箜).
1. Target near 2292
2. Target 2280–2270
Set stop loss above 2337
Duo: Only after it reclaims 2315 and further breaks through 2337.40 can we confirm that the downtrend has ended!
Entry suggestion: Enter at 2292–2295 after it stabilizes, and take a light position (哆).
1. Target 2310–2315
2. Target 2335–2340
Set stop loss below 2288