5.13 Morning ETH Market View



Hold this range, there’s still a chance for a rebound!

Yesterday, the mistress continued the high-level consolidation after a pullback, mainly fluctuating around the key support and resistance zones, currently trading near 2283, which is a critical position in the recent decline.

From the 4-hour chart, the overhead 2330-2380 range faces heavy selling pressure, with two attempts to break through failing to stabilize effectively; the support zone below 2260-2280 is a short-term support band, a key position for the dip to be absorbed, currently consolidating near this range. The MACD indicator shows weak momentum, with DIF and DEA moving below the zero line, and the red histogram not yet significantly enlarging, indicating that short-term trading is mainly a consolidation game.

The mistress suggests: if the price rebounds and stabilizes within the 2260-2280 range without breaking support, consider a light position to buy, targeting 2310-2330; if it effectively breaks below 2255, adjust your strategy promptly to avoid further downside risk.
ETH-0.69%
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