May 22 ETH Price Trend Analysis



Since the upward spike on May 15, it has been correcting and declining, ultimately breaking below two key levels (2230) (2160) with increased volume.
It finally retreated to consolidate around 2070-2160. The market moved over 230 points, then entered a disorderly oscillation, hunting for stop-losses and gathering strength.

The next key points, based on the 4-hour chart,
Bearish: Break below the solid candle at 2100, bearish continuation, with the next support at (2025).
If it recovers after rising to 2180 and the spike, try testing on the left side; the most reliable approach is to wait for the price to show strength at (2230) before attempting to short again, which has a higher win rate.

Bullish: (2106) must not be broken with a solid 4-hour close below, or (2070) tested and recovered, forming a 4H double bottom. Both are good entry points.
Need a strong push through and back above 2160 without falling back below; the furthest target can be first at 2230.
Currently, going long requires extra caution, and it’s essential to prevent a false breakout at 2180 to hunt liquidity, which could then turn downward.
ETH-0.19%
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