#Polymarket每日热点

In the last week of May, it became a day of suffering for the bulls. What will Ethereum's price reach in May? I am betting on 1600. The reasons are as follows:

1. From a technical perspective, currently Bitcoin and Ethereum have already broken below the middle band of the Bollinger Bands on the weekly chart, officially confirming that the bear market has not ended, and there is a possibility of completing a five-wave decline, with the last wave potentially accelerating downward. On the daily chart, after Ethereum's price broke below the 60-day moving average, the bulls have no safe zone below. The current price is gently declining along the lower Bollinger Band, and it has already broken below the psychological level of 2000 points at noon today. It is expected to accelerate downward. If this decline confirms the final wave of a five-wave weekly decline, it will inevitably challenge the previous low around 1740.
2. On the news front, the US and Iran have once again fallen out, with the US military launching a new round of bombings on Iranian military facilities. The White House dismissed the Iranian disclosure of a draft negotiation agreement as baseless. Oil prices surged again, negatively impacting the crypto market. Over the weekend, close attention should be paid to whether the situation will escalate. If a ground war begins, the market may not even hold at 1600.

Therefore, I am betting on Ethereum's price at the end of May being around 1600, but considering the possibility that the market may not accelerate below 1800, my betting strategy is to make small, light-position bets.