2026.5.20 Auntie's Thought Process

$ETH
Entry: 2120-2150 zone consolidation, band at 2180, watch 2050-2000

Daily chart: Four consecutive down days accelerating downward, all short-term moving averages aligned downward, MACD below zero line with green bars continuously expanding, indicating a clear bearish structure, price has broken below the lower Bollinger Band, short-term oversold but no clear sign of a reversal

Range: 2070–2180, in the morning session oscillating along the lower boundary of the range, bearish momentum slightly weakening but still dominated by consolidation

Correlation: Highly synchronized with Bitcoin (Bitcoin is range-bound around 76,800), Auntie's decline is greater than Bitcoin's, showing more obvious weakness, ETF has been net outflow for several days, short-term capital pressure

Beware of "oversold rebound traps," rebounds are not reversals, all rebounds are opportunities to short

Focus on: Effective breakthrough of 2070 support and 2200 resistance (must be confirmed with volume) #RWA总市值突破650亿美元