#ETH

Ethereum market trend analysis 20250520
The hourly trend is synchronized with Bitcoin, showing rapid drops followed by rebounds, then drops again and rebounds, creating a frenzied plundering of contract liquidity.
The daily line is a small bullish candle with a long lower shadow and a short upper shadow, with trading volume slightly higher than the previous day, indicating a basically flat state.
The daily MACD shows a slight weakening of upward momentum above the zero line, with the fast and slow lines about to form a death cross. If today closes with a bearish candle, the MACD will form a death cross, leading to a wave of daily-level volatile downward adjustment.
The current surge in Ethereum is driven by the 12-hour momentum. The price has retraced to the 8-hour EMA52 and the 12-hour MA30, forming a rebound. The strong support level is around 2230, and a retrace here before continuing to rise would be healthier.
The recent price fluctuations have been quite large. If you want to be conservative, set a stop loss around the 2700/2800 integer levels for short positions, and go long at the support level of 2230.
Daily level resistance levels 2750-2860-3065-3260, support levels 2320-2230-2160-2000

From the Ethereum settlement heat map
The price is rising, and there are still a large number of big short positions waiting to be liquidated in the 2568-2632 range.
The price has dropped, and there are still a large number of substantial long positions waiting to be liquidated in the 2488-2284 range.
#BTC能否衝上11萬？