Coin Sea Wave: 5.15 Cryptocurrency Market Ethereum (ETH) Latest Market Analysis and Insights

Coin Sea Wave: 5.15 Ethereum (ETH) Market Analysis Reference:
Ethereum encounters resistance on the upside and pulls back. From the daily chart, the current price is around 2250, between the lower and middle Bollinger Bands. The lower band support is near 2230, with obvious short-term pressure; EMA moving averages are in a bearish arrangement, with the price below the moving averages. Resistance above is in the 2300-2330 range. The MACD indicator continues to diverge downward, with DIF approaching the zero line, and the histogram bars expanding, indicating ongoing bearish momentum; the KDJ indicator’s three lines are in the oversold zone, suggesting a short-term technical rebound is needed; the RSI indicator’s three lines are all below 50, overall leaning bearish. The daily trend remains predominantly bearish; if the price cannot recover above 2300, it is likely to continue oscillating downward, testing the lower Bollinger Band and the previous low support at 2218.
On the short-term 4-hour chart, the price is oscillating below the middle Bollinger Band, with the Bollinger Bands opening downward. The upper band resistance is at 2314, and the lower band support is at 2233. Short-term volatility is narrowing. EMA moving averages are in a bearish arrangement, with the price below all cycle averages. Resistance is concentrated around 2275-2280. The MACD has shifted from negative to positive, indicating that short-term bearish momentum has weakened, but DIF is turning downward, and bullish momentum is still weak; the KDJ indicator’s three lines form a death cross after a golden cross, with limited rebound strength. The 4-hour level is in a weak oscillation and correction phase. If it cannot break through the 2280 resistance, it will likely test the 2230-2233 support again, maintaining a weak downward pattern. Trading should follow the trend with a focus on high short positions.
Coin Sea Wave: 5.15 Ethereum Short-term Reference:
Short position: Short in the 2315-2085 range, stop loss 30 points, target 2265-2215,
Long position: Long in the 2205-2235 range, stop loss 30 points, target 2265-2305,
This content is originally shared by 【Coin Sea Wave】, representing personal views only. There may be delays in article delivery. For reference only. Do not operate blindly! Hope everyone can stick to their principles regardless of market fluctuations, and stay rational and calm in the investment journey. #CME推出纳指加密指数期货 #CLARITY法案参议院通关 $ETH