$ETH Evening Market Trend Analysis:

Overall bearish, the price surged to around 2344 in the morning but faced resistance and pulled back, then continued to decline, dropping to a low of 2276.

The short-term moving average crosses below the medium-term moving average, indicating a clear short-term bearish signal.

The price is currently consolidating sideways around 2280-2290, with lower shadows showing buying interest at lows, but the rebound space is limited.

There is still significant pressure to push higher in the short term.

Looking at the market structure, support levels are mainly at 2275-2280; breaking below may lead to further decline; $USELESS

Short-term resistance is at 2300-2305, with higher resistance at 2330-2335. Only a break above these levels can confirm a rebound trend.

The candlestick chart shows consecutive downward candles with lower shadows, indicating dominance by the bears, but there are buyers at lows. Moving averages are arranged downward, making short-term upward movement difficult.

In terms of trading, a short-term trend-following short position can be considered: if the price drops below 2300, consider short positions with a target of 2280 and a stop loss at 2305. $SAPIEN

If the price hits the 2275 support and shows a rebound signal, a light long position can be attempted with a target of 2300 and a stop loss at 2270. #TROLL两日涨超160%

The medium-term outlook remains bearish unless the price breaks through 2305-2335 and stabilizes, giving bulls a chance.

Pay attention to volume; insufficient rebound volume makes short-term rebounds hard to sustain.

In summary, the intraday trend is bearish, with limited rebounds. Trading should mainly follow the trend with light positions for rebounds at lows.

Key support zone: 2275-2290, resistance: 2300-2335. Strictly control position sizes and stop losses. #Gate广场五月交易分享 @