May 20 ETH Morning Analysis


Short-term MA7 (2131.78), medium-term MA30 (2205.02) are declining simultaneously, both moving in a bearish alignment;
The short-term moving average directly suppresses the price rebound, with obvious selling pressure above, and the price has not yet formed an effective stabilization signal.
DIF and DEA lines are operating below the zero axis in a bearish zone, with the MACD green bars gradually shortening;
This indicates that the downward momentum is continuously weakening, showing signs of a price bottoming out, but the two lines have not formed a golden cross, so no reversal signal yet.
All three lines are below 50 in a weak zone, the K value is slightly turning down, short-term oscillation is weak, bullish momentum is insufficient, and only weak consolidation is maintained.
- First support: 2093-2098 (recent low + lower Bollinger Band), a valid break below will test the previous low of 2074.

- First resistance: 2132 (MA7 line), second resistance: 2173: Personal suggestion: buy near 2085-2093 with targets at 2132-2160.
ETH0.73%
BTC0.94%
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