May 21 ETH Midday Analysis


The recent market trend has been continuously declining, with the lowest drop to 2074.26 before strong support and stabilization. Currently, the price has stabilized above the 7-day moving average, the MACD indicator has formed a golden cross and is trending upward, the bearish momentum is continuously weakening, and a short-term rebound trend has been established.
The current price is 2140.63, the short-term moving averages are gradually turning, the long-term and short-term moving averages are continuing to converge, the support below is solid, and as long as the pullback does not break the support, it is an excellent long entry window. The trend reversal signal is clear, and a bullish rebound is imminent. A personal suggestion: 2070-2120 target 2150-2180#BTC #ETH #BTC走势分析
ETH-0.75%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned