Ethereum is poised to launch! The 2400 level is just around the corner. Is this retracement the last chance to get on board?

Brothers, stay steady! Today is May 5th, watching ETH fluctuate around 2369.6, feeling a bit itchy? Don’t rush, let’s carefully analyze the current situation.

📊 Top-secret market breakdown (Veteran’s honest words)

One-hour chart (short-term buildup): Observing the trend chart, we can see that ETH is forming a very standard “arc bottom” rebound on the hourly level. Although it currently encounters some minor resistance around 2370, each dip’s low point is getting higher, indicating strong buying support below.

Four-hour chart (trend reversal): From a larger cycle perspective, the candlesticks have firmly broken above the MA7 and MA30 moving averages, and the moving averages are starting to turn upward. This means the previous downtrend has been completely reversed, and the current fluctuation is just to digest the trapped positions from earlier, building strength to break through the 2400 psychological barrier.

Personal exclusive opinion: I think ETH right now is like a lion lowering its head to drink water; once it finishes drinking, it will start hunting. The overall market sentiment is warming up, and as the core of the ecosystem, Ethereum’s demand for a rebound is very strong. As long as we can break through 2380 with volume tonight, the space above will be fully opened.

🚀 ETH/USDT current price bullish ambush strategy While it hasn’t taken off yet, let’s go in at market price directly, with proper stop profit and stop loss:

Position opening direction: Long

Suggested entry price: 2369.6 (market order to open)

First take profit (1%): 2393.3 (approaching the psychological 2400 level, take half profit first)

Second take profit (2%): 2417.0 (steady push high after stabilizing above 2400)

Hardcore stop loss (1.5%): 2334.1 (if it breaks below the four-hour support line, the logic fails, exit decisively)

Old buddy reminder: A day in the crypto world is like a year in the human world. Although bullish, don’t go all-in! Strictly follow the phased take-profit strategy, so no matter how the market moves, you’ll stay undefeated.