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5.23 Ethereum evening market, let's talk about some real stuff.
Today, it didn't break 2000, a bit surprising but also normal.
The key is the ETH/BTC exchange rate, as long as 0.027 isn't lost, 2000 can still hold.
Once this can't be maintained, 2000 will be like paper, directly heading towards 1800.
Tonight, watch the 2006-2015 range; if it can hold, there's a chance to reach 2055-2071.
Only if it can stay within this area, it's considered a recovery, with the first rebound target at 2102.
If 2006-2015 can't stay stable, and the previous low of 2006 is broken, don't overthink it, just look at 1963.
In terms of operations:
· If it breaks above 2031 with volume, I go long, targeting 2071-2106, set stop-loss properly.
· If it breaks below 2012 with volume, I reverse and go short, targeting 1965-1939.
Remember: Breakouts without volume are just playing tricks; volume is more important than price.
If the hourly chart stabilizes above 2031, look upward;
If the four-hour chart effectively breaks 2011, below is 1965-1939.
The daily chart is simple: close below 2000, go directly to 1935.
If 1935 breaks, the doors to 1823-1740 open.
Remember one thing: before returning above 2190, don’t say the decline has stopped.
Clear thinking, set stop-loss properly.
Brothers still holding positions, take care, and see the comments section if you’re exhausted from losses.