5.14 ETH Morning Analysis


ETH last night moved in tandem with Bitcoin, oscillating downward, probing a bottom at 2240 in the early morning, then stabilizing and rebounding. This morning, it is consolidating within the 2250-2270 range, showing overall weakness but diminishing downward momentum.
The daily Bollinger Bands are narrowing, and the MACD green bars are continuously shrinking, indicating weakening bearish momentum. There is a short-term oversold condition with a rebound correction needed.
Bitcoin's daily upward channel remains intact, and any pullback is a buying opportunity. Key support levels are 2240-2220, with resistance at 2300-2320.
Trading Suggestions
Buy within 2230-2250, with a stop at 2200, and target 2300. #BTC #ETH #BTC走势分析
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