5.22 Ethereum Morning Market



Yesterday, Ethereum generally maintained a volatile and weak structure, with the price rising to 2145 in the early morning and then gradually falling back, with a target around 2130 for consolidation, and bullish momentum gradually weakening.

From the daily chart, the Bollinger Bands are opening downward, and the price is also moving near the lower band, with the middle band forming strong resistance. The large cycle has entered a downtrend channel. From the 1-hour chart, the KDJ three-line moving averages are opening downward, forming a death cross, indicating a bearish trend. Short-term bears are regaining control.

Trading suggestions:
Short near 2140-2150, target 2110-2105
ETH-1.09%
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