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Wednesday ETH thoughts: Grasp the range operation, profit from high and low
Current price: 2294, intra-day 2256-2324 narrow weak fluctuation. MACD death cross, green bars expanding; Bollinger Band middle line at 2316 as strong resistance, lower band at 2250 as support. Moving averages in a bearish arrangement, Bollinger Bands opening downward, moving along the lower band; oversold with weak rebound demand.
Key levels: support at 2250/2220; resistance at 2300/2320.
Conclusion: Short-term fluctuation leans bearish, no break below 2250 indicates a small rebound, only if it stabilizes above 2320 can it turn stronger.
#Gate广场五月交易分享