Coin Sea Wave: 5.12 Cryptocurrency Market Ethereum (ETH) Latest Market Analysis and Insights

Coin Sea Wave: 5.12 Ethereum (ETH) Market Analysis Reference:
Ethereum intraday price continues to oscillate downward, currently in a clear weak adjustment cycle on the daily chart. The current price has broken below the middle band of the Bollinger Bands and is constrained by the EMA7/15 short-term moving averages. The bullish arrangement has been broken, with multiple resistance levels forming above; the MACD indicator's fast and slow lines are diverging downward, and the histogram continues to release bearish momentum. The KDJ and RSI indicators are turning downward in sync, indicating market bullish confidence is lacking, rebound is weak, and the overall trend has shifted from previously strong to oscillating weak. The key resistance zone is around 2320-2340. If it cannot return above the middle Bollinger Band, the weak adjustment will continue.
The short-term 4-hour timeframe shows a clearer bearish trend: the price has broken below the middle Bollinger Band and all short-term EMA lines. The Bollinger Bands are expanding downward, and the short-term moving averages form a complete bearish alignment. After the MACD death cross, the histogram continues to enlarge, with DIF and DEA lines moving downward in sync. The KDJ and RSI indicators have entered low zones. Although there is a technical oversold rebound possibility in the short term, the dual resistance of the moving averages near 2320 and the middle Bollinger Band is strong, limiting the rebound space. The overall trend is mainly weak oscillation. The first support level is around 2260; if broken, the adjustment space will further open.
Short-term trading suggestions remain biased toward bearishness: if support levels are not broken, consider light short positions.
Coin Sea Wave: 5.12 Ethereum Short-term Reference:
Short position: short between 2360-2330, stop loss 30 points, target 2300-2260,
Long position: long between 2245-2275, stop loss 30 points, target 2300-2340,
This content is originally shared by 【Coin Sea Wave】, representing personal opinions only. There may be delays in article delivery. For reference only, do not operate blindly! Hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and stay rational and calm. #TROLL两日涨超160% #特朗普5月13日访华 $ETH