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May 21st Double Coin Evening Thoughts
The highest rebound in the morning was 2457, then fell back to 2108, showing a 50-point range, currently oscillating around 2116.
Currently in a high-level correction phase, before breaking above the first resistance with increased volume, the short-term trend is likely to continue oscillating and weakening, testing the support below. - ETH is likely to first test the support around 2108, and if it cannot hold, it will further look towards 2076.
First support: 2108 (intraday low)
Second support: 2076 (previous important low)
First resistance: 2140 (break below the platform level)
Second resistance: 2157 (intraday high)
Focus on controlling the range for trading, strictly manage position sizes.