#Gate廣場五月交易分享

(ETH) The current price is fluctuating between $2,250 and $2,280. The overall trend is affected by the US macro inflation panic, showing a pattern of "short-term break and volume plunge, entering a weak correction" with a follow-the-drop weak structure.

Affected by two consecutive days of CPI and PPI data exceeding expectations, ETH experienced a fierce sell-off early this morning, dropping from the high of $2,422 downwards, with the intraday low reaching $2,234.81, a short-term plunge of nearly 6-8%. Currently, the 50-day EMA on the daily chart (around $2,336) has been broken, and bearish sentiment is dominating.

Today's macro negative news has severely impacted the trend: reports indicate that hopes of rate cuts have vanished, triggering a market-wide panic sell, with many long contracts liquidated, seriously damaging market confidence in the short term.

Short-term weakening after breaking support: On the daily structure, both yesterday's close and today's open broke through the previous dense support zone (around $2,300). The market is now in a weak oscillation after being oversold. Key support levels: the first support zone below is at $2,230 - $2,250. If this zone is broken on the daily chart, it may further test $2,200, and even the deep defense zone at $2,100.

Heavy resistance above: Due to the rapid decline, there is significant trapped volume above. The first resistance is at $2,300 - $2,330 (former support turned resistance), with strong resistance at $2,360 - $2,380.

For today's short-term trading strategy, since ETH just experienced a volume-driven plunge and no clear reversal or bottom formation signals have yet appeared, the recommended approach is "prefer shorting on rallies and be extremely cautious with buying dips" as a defensive rebound strategy.

High-level shorting setup (preferred direction): Entry zone: As per technical analysis, when the price weakly rebounds to around $2,300 - $2,330 and faces resistance, consider gradually shorting in parts. Stop-loss: Strictly set at $2,360 (breaking this indicates a return to a safer zone). Short-term targets: look for $2,250 and $2,235; if broken, partially hold positions to test $2,200 and even the deep defense zone at $2,100.

Low-level buying setup (left-side attempt): If the price drops again to test the $2,220 - $2,240 zone and a clear lower shadow appears on the 15-minute/1-hour chart (volume rejection of further decline), consider small long positions to catch the rebound. Stop-loss: Strictly exit if it drops below $2,200. Short-term targets: look for a rebound to $2,280 - $2,300 for partial profit-taking, and avoid holding for too long.

Risk control reminder: Be extremely cautious of chain reactions and liquidation cascades: today, total liquidations reached $380 million, with liquidity quite chaotic. When trading, always use spot or lower leverage (recommended within 10x), widen stop-loss distances, and prevent malicious market spikes from causing excessive losses. $BTC $ETH $DOGE