Thursday, 5.14, Ethereum: Prosperity Fades, Bears Dance Alone

Yesterday’s slight rebound of Ethereum was ultimately just a fleeting glimmer at dusk. ETH, after briefly touching 2322, lacked the strength to break higher; the bulls, like trapped beasts, continue to fight, each struggle ruthlessly suppressed by sell orders, gradually slipping back. Currently, it has returned to the 2260 zone, as if fallen leaves returning to dust, the market filled with exhaustion.

On the daily chart, the previous low of 2250, this lifeline, has already been broken, overshadowed by a double-top pattern, like an unbreakable shackle. The moving average system is dispersing downward, with a death cross suppressing the price all the way. A breakdown pattern has formed on the four-hour chart, MACD has a widening death cross, clearly favoring the bears. In the short term, the resistance levels are 2290-2310, with 2340 as a strong pressure point. The bearish trend is clear and calm, with no sign of divergence or warmth.

Thursday midday personal view: rebound — in the 2290-2310 range, go short accordingly, with a stop loss at 2340. In the short term, target 2240, and if broken, look toward 2210. If a strong breakout above resistance occurs and it stabilizes, cut losses promptly and adjust your strategy, maintaining a steady rhythm. Do not be confused by rebounds during the decline; follow the trend — that is the only elegant resistance. $BTC