Li Ying in the Crypto Circle: Latest Market Analysis of Ethereum on May 16

Article Published on May 16, 2025 — 00:20

The current price of Ethereum is 2560. There’s no need to elaborate further; the bottom has been tested, and the bullish trend remains unchanged. Opening a long position at 2500 is effective and can be held. If it does not break 2580, one can consider taking profits. Let’s look at the real-time market data. Currently, the overall market is in a fluctuating downward trend, with high points gradually decreasing. However, from a short-term perspective, the market may continue to be in an adjustment phase. The candlestick pattern shows reversal signals, but the strength is weak, and the MACD indicator supports the possibility of adjustment or consolidation. The interlacing of moving averages indicates a slowdown in the short-term upward trend, and the decrease in trading volume also reflects the market's wait-and-see attitude at high levels.

Therefore, Li Ying suggests considering short-term fluctuations and changes in market sentiment. The current price may be consolidating. It is recommended to remain cautious in the short term and wait for the market direction to become clearer before taking action. Also, pay attention to the key resistance level at 2600 and the support level around 2500. If the price approaches these points, there may be opportunities for a rebound or further decline. If the price stabilizes near the support level, one can consider moderately entering a rebound operation in the short term, but it is necessary to set stop-loss orders to manage risk.

From a technical perspective, everyone can see the current candlestick pattern showing a spinning top and a high-level doji, along with a dark cloud cover indicating potential reversal and consolidation, especially at key moments after a recent trend or at high levels. The MACD momentum has turned into a bearish trend. The violent stretch in the earlier market led to a lot of retail investors jumping in. Now that the market atmosphere has changed, the larger trend remains unchanged, but a short-term downward trend has emerged. One can look to make larger trades smaller, following the trend and managing defense lines effectively.

Today's Latest Reference Points

• Long Entry Point: 2500, Add Position: 2450, Stop Loss: 30 points, Target: 2650
• Short Entry Point: 2650, Add Position: 2700, Stop Loss: 30 points, Target: 2550

The above analysis is based on market data and trend analysis from Li Ying and does not constitute investment advice. It is for reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights and hopes to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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