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May 14th $ETH Market Analysis: Ethereum's trend yesterday was as weak as ever. Until the large bearish candlestick on the 4-hour chart is resolved, we should still pay attention to significant adjustments on the daily chart level.
Today, the trading strategy for Ethereum is also relatively simple. First, observe whether there will be a pullback in the price between 2290-2300. You can try a short position within this range. If it moves upward, the resistance is still at the previous level of 2335.
The support levels are at 2190 and 2140. Those looking to go long on Ethereum should only do so at a new minor low to attempt a rebound for liquidity, otherwise, there isn't much confidence.