Coin Sea Wave: 5.29 Crypto Market Ethereum (ETH) Latest Market Analysis and Reference for Today, Information Interpretation

Coin Sea Wave: 5.29 Ethereum (ETH) Market Analysis Reference:
At the Ethereum daily timeframe, it is also in a clearly defined downtrend. Since the prior high, the price has continued to fall, having already broken below the Bollinger Bands middle band and moving toward the lower band. The Bollinger Bands are opening and expanding downward, and the bearish trend is very clear. The moving average system is fully aligned bearishly; short-term moving averages firmly suppress any price rebound. In the MACD indicator, DIF and DEA continue to decline below the zero line, while the histogram maintains a volume expansion state, showing no sign of weakening bearish momentum. Both the KDJ and RSI indicators are in weak ranges and have not yet produced any stop-the-fall-and-reversal signals. At the daily timeframe, downside momentum is still dominating the market.
The 4-hour timeframe on the shorter cycle is in a weak recovery state after the decline. After the price touched the 1965 low, a modest rebound appeared. It is currently trading above the lower Bollinger Bands but has not yet effectively broken through the resistance of the middle band. The MACD histogram has clearly reduced in volume; the downward pace of DIF and DEA has slowed, and bearish momentum shows a phase of attenuation. The KDJ indicator has formed a golden cross at low levels, and RSI has also edged up slightly from the oversold zone. There is some momentum for a short-term technical rebound. However, the moving-average pressure above in the 2050-2080 range is dense. The rebound is more like a technical repair during a downtrend rather than a trend reversal. Overall, the market still has not escaped the pattern of weak sideways-to-downward consolidation.
Coin Sea Wave: 5.29 Ethereum Short-Term Reference:
Short positions: Sell short in the 2080-2050 range, stop loss 30 points, target 2020-1970.
Long positions: Buy long in the 1940-1970 range, stop loss 30 points, target 2000-2050.
The content in this article is originally shared by 【Coin Sea Wave】 and only represents personal views. The article may be sent with a delay; it is for reference only. Please do not act blindly! No matter how the market changes, I hope everyone can stick to their own principles on the road to investing, and remain rational and calm. #美军对伊朗发动新打击 #24h加密合约清算破4亿美元 $ETH