Crypto Circle Academician: On 5.13, Ethereum's Bollinger Band lower band faces pressure, is it a rebound or a new round of decline? Latest market analysis and trading suggestions

Ethereum's current price is 2280. I already took an early position at 2265 in this wave! The market is dropping so sharply that it’s making people panic. I know many are afraid of further declines, but I see this as a money-making opportunity. Don’t be scared off by short-term fluctuations. I’ve been watching the market for so long that I recognize the value at this level. Follow me—no fancy tricks, I’ll give you straightforward entry points. No fluff, let’s wait for this rebound to eat some gains. Today, let’s see if we can first stabilize above 2300!

Looking at the daily chart, it has already broken below the short-term moving averages EMA15 and EMA30, indicating a short-term weakness. The MACD indicator shows DIF crossing below DEA, with green bars continuing to expand, signaling downward momentum. The middle band of the Bollinger Bands around 2316 is forming strong resistance. The price is currently trading below the middle band, overall in a volatile and weak pattern. If it cannot quickly recover above 2300, it’s likely to continue testing the lower Bollinger Band support at around 2250.

The four-hour chart has already broken below all short-term moving averages EMA15, EMA30, and EMA60, forming a downward alignment. The MACD DIF is running below DEA, with green bars continuing to grow, indicating strong downward momentum. The Bollinger Bands are opening downward, with the price moving near the lower band, showing a short-term bearish trend. However, there is previous support near 2255, and after overselling, a technical rebound is possible. The rebound target is initially in the 2300-2320 range.

Short-term reference:

Support from 2240 to 2220, with a stop-loss at 2200, target 2280 to 2300

Resistance from 2300 to 2320, with a stop-loss at 2340, target 2260 to 2240

I’ve been trading for so long that I believe in one principle: when others panic, I become greedy. I’ll give you the actual entry points directly—no hindsight calls. Today, let’s see if this rebound can take off. Stay steady and don’t fall behind! $ETH ‌#TROLL两日涨超160%