May 26 Ethereum Analysis



In the morning, Ethereum retraced along with Bitcoin's decline for a correction, with limited overall downward momentum, strong support at lower levels, and the pullback being a short-term price adjustment.

From the 4-hour indicator, the price is currently operating near the middle band of the Bollinger Bands, which are opening upward but narrowing, still within a predominantly bullish oscillation channel. On the 1-hour chart, the MACD bearish momentum is below the zero line, with the bearish energy bars continuously shortening, indicating that the bearish momentum lacks strength. The strategy moving forward will continue to focus on low-buying for safety, waiting for a bullish breakout.

Trading suggestions:
Look for long positions around 2050-2070, with targets of 2120-2150.
ETH0.2%
BTC-0.11%
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