5.12, Tuesday, PancakeSwap Ethereum Evening Think Tank Analysis!



From a technical structure perspective, on the four-hour level, the running channel continues to narrow downward, with the price oscillating weakly lower.
The continuation has not formed a significant rebound, and the volume shows a weak bullish pattern, with moving averages consistently trending downward. The small timeframes still favor a bearish state.
On the daily level, the running channel remains in a downward continuation state, with the price maintaining a weak consolidation. In the upper-middle band area, after a sharp drop, there is no effective rebound. The bearish volume continues to thin out, and the moving averages have not shown a significant upward movement. Personally, I still favor a bearish outlook first, and whether a rebound can recover later depends on support levels for further follow-up.
Bitcoin personal trading suggestion: Short around 81,500, target 79,800 to 80,000.
Ethereum personal trading suggestion: Short around 2,295, target 2,250-2,230.
BTC-0.05%
ETH-0.34%
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