Crypto Circle Academician: On 5.24, Ethereum's daily Bollinger Bands are opening downward, and the lower band support has been repeatedly broken? Latest market analysis and trading suggestions

　　
　　Ethereum's current price is 2075. Yesterday, it was said there would be a deep bottoming out, but after the announcement yesterday, it indeed bottomed out. The current second-tier market is in weak oscillation, and a rebound is an opportunity to go south. It’s not suitable for bottom fishing. Some people are afraid of falling when bottom fishing, afraid of rising when shorting, lacking their own system, and without 100% execution power. They are always anxious before the market opens and regret after it closes! I truly feel this state is not suitable for the crypto world. Back to the main topic
　　
　　The daily K-line is in the continuation phase of a downtrend, with the price at 2074 below all moving averages. EMA15/30/60 form layers of resistance, and the downward arrangement of the moving averages confirms the current weak pattern. In the MACD indicator, DIF and DEA lines continue downward, and although the MACD green bars have shrunk, they are still below the zero axis, indicating that the downward momentum has not been fully released. The Bollinger Bands are opening downward, with the price running along the lower band. The short-term resistance is near the middle band at 2233. Only a valid breakthrough here can have a chance to reverse the daily downtrend
　　
　　The four-hour K-line shows a weak consolidation after the decline, with the price oscillating near the lower Bollinger Band. Short-term moving averages EMA15/30 continue downward, exerting pressure on the price. In the MACD indicator, DIF and DEA show signs of a golden cross but are still below the zero axis. The green bars are shrinking, indicating that the downward momentum is weakening, but no clear reversal signal to the upside has formed. The upper and lower Bollinger Bands are continuously narrowing, compressing the short-term fluctuation range. Resistance above is near 2105, support below is around 2028. Breaking the range will likely continue the original trend
　　
　　 Short-term reference:
　　
　　Support at 2100 to 2120 to go north, stop-loss at 2150, target 2050 to 2000
　　
　　Resistance at 2010 to 2020 to go south, stop-loss at 1980, target 2070 to 2100
　　
　　If the price breaks below 2000 support, abandon the northbound idea and continue to go south with the trend. The current trend is biased southward; going north is only suitable for short-term speculation. Be sure to strictly stop-loss to avoid deep traps.
　　
　　Specific operations depend on real-time market data. For more information, contact the author. The article may have a delay in publication; for reference only, risk bears by yourself. $ETH