Crypto Circle Academician: Is Ethereum's Technical Pattern Weakening Across the Board on 5.29? Latest Market Analysis and Trading Suggestions

Ethereum's current price is 2015. Actually, looking at the K-line against the two-candlestick pattern these days, I also feel quite emotional. Watching the price fluctuate around 2000, many fans ask me whether to buy the dip or hold long positions. I know everyone is afraid of missing out on the market or losing another trade. But honestly, when the trend is bearish, buying the dip is really like touching the tiger's tail; going north can only be a short-term play—profit and then exit, never be greedy. I’ve also fallen into the trap of holding long positions, knowing how panic-inducing it can be the more you hold. Really, don’t fight the market, keep small positions, set good stop-losses, and staying alive is more important than anything. Take it slow; let’s wait together for a clear opportunity, no rush.

The daily K-line is in a continuous downward correction with a weak oscillating trend. The price is suppressed by all moving averages such as EMA15 and EMA30, forming a standard bearish alignment, with resistance levels stacking up above. The MACD indicator is below the zero line, with DIF and DEA continuously diverging downward, and the MACD histogram is negative, indicating that bearish momentum has not shown clear signs of weakening. The Bollinger Bands are opening downward, with the price moving along the lower band. Strong support is at the previous low of 1736, and the first resistance above is near the EMA30 at 2174.

The four-hour K-line is in a clear downward channel, with highs continuously declining and lows constantly refreshing, with the downward trendline effectively suppressing. The price remains below EMA15 and EMA30, repeatedly encountering resistance during rebounds, with bulls having no resistance. The MACD indicator is below the zero line, with DIF and DEA forming a death cross and continuing downward, indicating sufficient bearish momentum. The Bollinger Bands are opening downward, with the price running along the lower band. Support at the lower band is 1970, resistance at the upper band is 2154. Short-term rebounds are only technical corrections and do not change the overall downward trend.

Short-term reference:

Above 2060 to 2080 heading south, stop-loss at 2110, target 1980 to 1950

Below 1960 to 1940 heading north, stop-loss at 1910, target 2020 to 2040

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