5.14 ETH Morning Analysis



Yesterday, ETH surged to 2351 but then remained under pressure, with the low touching around 2233. In the morning, the price is consolidating slightly in the low area. It is currently trading around 2260, and bearish momentum has slowed compared with the previous day.

From a technical perspective, the moving averages are in a bearish alignment. The price is below all moving averages, showing that the overall market trend is still biased downward. Trading volume is extremely contracted, indicating a lack of market participation. Even though there is an upward pattern, it lacks volume support. The upper side is clearly constrained by the middle band, so a direct breakout in the short term is difficult.

Trading ideas and operational suggestions:
It is recommended to mainly adopt short positions.

Operational reference: Short at 2265-2285, targeting 2220-2180
#Gate广场五月交易分享 $ETH
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