5.20 Morning

ETH market signals are very clear; the price has already broken below the middle band of the Bollinger Bands.
The original support has directly turned into strong resistance. MACD green bars continue to enlarge, and the bearish momentum is constantly strengthening.
Several rebounds and rallies to around 2120 were directly crushed down.
The bulls have no strength to push higher at all.

Now, it’s possible to try short positions with a small amount.
Around 2102-2105, you can take some profits off the table first.
If it effectively breaks below 2090, continue holding to see a deeper correction.
The target is the previous low around 2076.

ETH is currently in a typical weak downward channel.
Rebounds are all weak and powerless.
Key resistance levels repeatedly tested but not broken through.
The bearish rhythm is very steady.
In terms of operation, it’s only suitable to short on rallies.
Not recommended to catch the bottom and go long.