5.13 Ethereum Analysis



Recently, Ethereum has been experiencing wide fluctuations, and last night it dropped to 2255 before receiving very strong support. The bulls continue to exert effort and have once again returned to the 2300 level.

From the 4-hour timeframe, the moving averages in the KDJ indicator are all turning upward and forming a golden cross, indicating strong bullish momentum and room for further upward movement; the MACD double moving averages are below the zero line, and the shrinking of the bearish energy bars suggests weakening bearish force, slowing down the downward trend, and potential for subsequent rise!

Ethereum trading suggestion:
Lightly go long around 2260-2290, with targets near 2350-2360.
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