5.14 ETH Morning Analysis



Yesterday, ETH surged to 2351 and then continued to face pressure, with the lowest touching around 2233. This morning, the price is consolidating slightly at the low end, currently trading around 2260, with bearish momentum slowing down compared to the previous day.

From a technical perspective, moving averages are arranged in a bearish alignment, and the price is below all moving averages, indicating that the overall market trend remains downward. Trading volume has shrunk significantly, suggesting a lack of market participation. Although there is an upward pattern in price, it lacks volume support. The middle band is a clear resistance above, making short-term breakthroughs difficult.

Trading ideas and operation suggestions:
It is recommended to focus on short positions mainly.

Operation reference: Short at 2265-2285, targeting 2220-2180.
ETH-2.29%
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