Early morning May 15th ETH trading strategy, the 4-hour timeframe still leans towards oscillating upward but is nearing the upper Bollinger band and the first resistance zone, indicating that the upward momentum is continuing while there is also a possibility of a pullback for digestion. Currently, it appears more like a consolidation phase after a rally rather than a one-sided acceleration.


4-hour price structure
• Current price: $2306.36 (real-time price approximately $2305.55)
• Last 50 four-hour candlesticks statistical range: about 8 days
4-hour range performance: highest $2413.59, lowest $2234.13, volatility about 8.03%
Technical signal interpretation
• Moving average structure: MA5/MA10/MA20 are around $2272-$2287, with the price above them, indicating a short-term bullish trend,
MACD: remains bullish, with positive bars, suggesting rebound momentum has not fully faded.
• RSI: value 56.3, neutral leaning strong, not in obvious overbought territory, still has room to rise.
• Bollinger Bands: price near the upper band, indicating short-term strength but also increasing risk of chasing the high.
• Volume: current volume below average, shrinking, indicating that the continuation of the rally needs volume confirmation.
Support levels
Weak support: $2301.45
Medium support: $2224.69
Strong support: $2156.09
Resistance levels
Weak resistance: $2390.00
Medium resistance: $2423.74
Strong resistance 1: $2775.19
Future trend inclination
From a 4-hour perspective, ETH still tends to oscillate upward within a bullish structure, but since the price is approaching the $2390 resistance zone and volume has not increased accordingly, it is more likely to see a high-level consolidation or slight pullback in the short term, then decide whether to continue testing the resistance zone. If it loses $2301, it may retest the $2224 support.
Trading suggestions
Direction judgment: Bullish
Entry zone suggestion: $2288-$2315
Stop-loss: $2224
Target levels:
• First target: $2390
• Second target: $2423
Position size suggestion: Light position
#ETH
ETH1.49%
View Original
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned