Coin Sea Wave: 5.14 Cryptocurrency Market Ethereum (ETH) Latest Market Analysis and Insights

Coin Sea Wave: 5.14 Ethereum (ETH) Market Analysis Reference:
Ethereum's current quote is 2263. On the daily chart, the price is close to the lower band of the Bollinger Bands, maintaining a narrow range of consolidation. The three Bollinger Bands are gradually moving downward, indicating a generally weak correction pattern. The MACD indicator's DIF and DEA are still diverging downward, with the histogram gradually enlarging, suggesting ongoing bearish momentum;
The three lines of the KDJ indicator are all at low levels, showing no signs of turning around yet. The RSI lines are hovering around 40, not entering overbought or oversold zones, indicating overall weak oscillation. The EMA moving average system shows a bearish arrangement, with short-term averages suppressed by long-term averages. The price has not broken through the 7-day moving average, remaining in a correction phase after a decline. There are no clear reversal signals in the short term; attention should be paid to support near the lower Bollinger Band. If this support is broken, further decline may occur.
On the short-term 4-hour chart, after touching the low of 2233, the price rebounded slightly and is currently trading below the middle Bollinger Band. The Bollinger Bands are narrowing downward, and the downward momentum has temporarily slowed. The MACD's fast and slow lines are below the zero axis, with DIF turning upward, indicating a phase of weakening bearish momentum;
The three lines of the KDJ indicator form a golden cross at low levels, suggesting short-term rebound potential; RSI lines are stabilizing around 40, not entering overbought zones. The EMA system remains bearish, with the rebound constrained by the EMA15. The current stage is a weak rebound after a decline. Resistance above is in the 2290-2310 range. If this resistance cannot be broken, the price is likely to continue oscillating downward.
Trading strategies can consider short positions near this resistance zone, with strict stop-loss to manage risk.
Coin Sea Wave: 5.14 Ethereum Short-term Reference:
Short position: Short between 2320-2090, stop loss 30 points, target 2270-2220,
Long position: Long between 2200-2230, stop loss 30 points, target 2350-2300,
This content is originally shared by 【Coin Sea Wave】 and represents personal opinions only. There may be delays in posting. For reference only. Do not operate blindly! Hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. #Gate广场五月交易分享 #特朗普5月13日访华 $ETH