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5.24 Ether Market Analysis
After a sharp drop in the price of Ether yesterday, it is currently experiencing a low-level fluctuation. The Bollinger Bands on the one-hour chart have contracted and are parallel, and the MA moving averages have not formed a golden cross in the past two days. The price is expected to maintain a fluctuating upward trend. The intraday resistance to watch is 2580, and if it breaks, pay attention to 2610, which is a major cycle resistance level and could serve as an opportunity for long-term short positions. The attached MACD indicator is currently in a dead cross and declining from a high position, with a short-term retracement trend. Tomorrow, Ether is expected to continue the fluctuating upward trend as the main focus. Lao Zhang suggests accumulating long positions in Ether as it retraces to 2530-2510.
Target: 2580
Risk Control:2490
Short position suggestion: short in batches at 2610-2630
Target: 2550-2500-2450
Risk Control:2650