May 14 Ethereum ETH Market Analysis by Songjianke

I. Current Price & Overall Pattern

Current pattern: Weak oscillation within a range, no clear direction, mainly observing
Correlation: Bitcoin under pressure dragging the market down, ETH follows weakly, unable to rebound

II. Key Levels

Support Levels

- First support: 2240
- Strong support: 2210
- Ultimate defense: 2150

Resistance Levels

- First resistance: 2290–2300
- Strong resistance: 2310
- Heavy resistance at high levels: 2380–2400

III. Short-term Trading Ideas

1. Pullback to 2240–2210 zone for stabilization, consider light long positions
Stop-loss: below 2180
Target: 2280 → 2300
2. Rebound at 2290–2310 encountering resistance, consider short positions
Stop-loss: above 2340
Target: 2260 → 2240
3. Principle: No big drop unless below 2240; no strong reversal unless above 2310

IV. Today’s Key News

Bullish

1. Ethereum’s Pectra and Glamsterdam upgrades approaching, optimizing staking + expansion, long-term value support
2. Spot ETH ETF funds start to flow back, institutional sentiment improves
3. L2 ecosystem and on-chain transaction volume continue to hit new highs, solid ecosystem fundamentals

Bearish

1. US inflation data remains strong, rate hike expectations rise, US bond yields high, suppressing risk assets
2. Short-term technical moving averages face resistance, heavy selling pressure at 2300, rebound momentum insufficient
3. Competitor public chains divert funds, some capital shifts to altcoins

Focus on key events!

Today’s US digital asset bill review, the outcome will directly impact market sentiment, prone to sudden reversals

V. Intraday Trend Forecast

Likely range today: 2240–2300 box oscillation

- Hold above 2240: mainly slight correction and rebound
- Break below 2240: follow the trend to explore 2210–2150 zone

Personal advice, for reference only #Gate广场五月交易分享 #特朗普5月13日访华