5.13 ETH Afternoon Analysis

In the morning, ETH's price continued its weak consolidation, but after touching the 2255 support level, the bearish momentum significantly weakened. Subsequently, the price began to rebound in a volatile manner, and has now recovered the 2300 level, with bulls and bears forming a short-term tug-of-war around 2300.

From a technical perspective, the overall daily chart is still in a correction phase following a downtrend, and this adjustment is different from previous time-for-space adjustments. This time, it is mainly a consolidation with repeated fluctuations. After such a correction, the bottom structure becomes more stable, laying a foundation for the next bullish buildup. In terms of pattern, the pullback is still defined as a process of seeking support.

Thoughts and operational suggestions:
The overall trend remains bullish, and the main strategy should still be to go long.

Operation reference: go long at 2280-2300, target 2350-2380
$ETH #美国4月CPI上涨3.8%