2025/5/16 ETH Today's Market Trend Analysis
#ETH
Upper Resistance Level: 2683
Secondary Resistance Level: 2740
Lower Support Level: 2542
Current Trend: After horizontal consolidation, there is a rebound. From the hourly chart, the MACD crossover has a trend of forming a golden cross, but it encounters price resistance from the 30-day moving average. If it does not break through and stabilize above 2650 for a long time, a slight pullback may occur, maintaining short-term fluctuations in that range. During the consolidation period, between 2638 and 2600, if it breaks below 2600, look for 2560.
Strategy: Do not establish a short position if it does not stabilize between 2673--2679, add positions at 2712, stop loss: 2740
#ETH
Upper Resistance Level: 2683
Secondary Resistance Level: 2740
Lower Support Level: 2542
Current Trend: After horizontal consolidation, there is a rebound. From the hourly chart, the MACD crossover has a trend of forming a golden cross, but it encounters price resistance from the 30-day moving average. If it does not break through and stabilize above 2650 for a long time, a slight pullback may occur, maintaining short-term fluctuations in that range. During the consolidation period, between 2638 and 2600, if it breaks below 2600, look for 2560.
Strategy: Do not establish a short position if it does not stabilize between 2673--2679, add positions at 2712, stop loss: 2740