5.21 Ethereum Morning Market Analysis, rebound support stabilizes and consolidates, the bullish trend structure remains intact, a new round of rally is brewing!

Yesterday, Ethereum surged to test 2148, then encountered short-term bearish selling pressure, causing the price to quickly decline, with the lowest dip reaching around 2110. Market sentiment was once bearish, with many expecting a deep correction, but the bulls firmly held the key support at 2100, strongly absorbing selling pressure and reversing to push higher, completely breaking the downward bearish outlook. The current price is stable around 2140, showing strong market resilience.

From the four-hour technical chart, bullish signals continue to strengthen: the MACD indicator remains in a golden cross pattern, the DIF line steadily stays above the DEA line, indicating a clear bullish trend; the MACD histogram shifts from green to red, with bullish momentum continuously increasing, and capital is increasingly willing to buy long.

Overall, the rebound did not break the key support, and the upward structure remains unbroken. Short-term consolidation is just preparing for a new surge, and the rally could start at any time.

Trading Suggestions
Buy long directly within the support zone of 2110-2130, with short-term targets around 2200-2260. Follow the trend to seize the main bullish rally!