Wednesday, May 13th Midday Market Analysis.


Ethereum remains weak and volatile in the short term.
Yesterday, the bears gained strength, rapidly falling from the high of 2344.88, with a single-sided decline throughout the day.
The bulls continued to be under pressure, with the downtrend extending into the early morning, stabilizing after touching the 2255 support level and rebounding, currently fluctuating around 2290.
Although there is some recovery on the daily chart, the short-term rally has failed to sustain, breaking below the middle band of the Bollinger, with insufficient rebound strength, and the bears still dominate the market.
ETH trading suggestion: Light positions to short above 2300, add positions around 2340, stop loss at 2400, take profit at 2270-2220.
ETH1.87%
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WorkingHardToEarnIt
· 05-13 15:33
Buy the dip 😀
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LuMingze
· 05-13 13:00
Buy the dip 😎
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LuMingze
· 05-13 13:00
Buy the dip 😎
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LuMingze
· 05-13 13:00
Buy the dip 😎
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LuMingze
· 05-13 13:00
Steadfast HODL💎
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LuMingze
· 05-13 13:00
Buy the dip 😎
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LuMingze
· 05-13 12:59
Buy the dip 😎
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LuMingze
· 05-13 12:59
Buy the dip and enter the market 😎
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LuMingze
· 05-13 12:59
Buy the dip 😎
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LuMingze
· 05-13 12:59
Buy the dip 😎
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