Wednesday, 5.13, Ethereum bottoms out and rebounds, following the trend to go long

Recently, Ethereum has been fluctuating within a wide range, mainly oscillating around 2400-2250. Yesterday, it dipped to 2255 and then rebounded, currently around 2290. Although the previous short-term long idea was trapped, the rebound has already yielded some profit. In this oscillating rhythm, a continued decline is unlikely; look for further dips to go long.

From the four-hour chart perspective, Ethereum's price is moving within a bullish channel, with moving averages arranged in a bullish alignment, providing strong support. The short-term correction has not broken below the key moving average support levels. The MACD indicator's two lines remain diverging upward, with the bullish momentum bar continuing to expand, indicating ample upward energy; the RSI indicator has recovered from lows, returning to a strong zone, suggesting market bullish sentiment is gradually warming.

On Wednesday morning, my personal view is to go long on dips around 2260-2250, targeting the 2350-2400 area. Remember to prioritize risk control in trading, manage position sizes reasonably, and patiently wait for the market to realize profits. $BTC