5.19 Ethereum Morning Analysis



Ethereum tested bottom at 2074 last night and rebounded strongly, reaching 2156 before quickly falling back, currently oscillating around 2120, showing an overall pattern of rising then falling in a volatile structure.

From a technical perspective, the price is moving along the lower band of the Bollinger Bands, with all moving averages in a bearish alignment, showing no signs of a bottoming reversal. On the 1-hour chart, the KDJ three-line indicator has already turned downward, and the MACD histogram's bullish momentum is gradually diminishing, indicating weakening bullish strength and a primarily bearish outlook.

Trading suggestions:
Short at 2150-2180. Target 2100-2050.
ETH0.78%
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