Cryptocurrency Academician: Ethereum's High-Level Consolidation on May 29, a Battle Between Bulls and Bears? Countdown to Long and Short Liquidation? Latest Market Analysis Reference

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1 day ago

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Scholar in the cryptocurrency circle: Ethereum (ETH) latest market analysis reference on 2025.5.29

The current price of Ethereum is 2635. It is now 1:30 AM Beijing time. After being swept yesterday, the alert point set is 2720. Since it hasn't reached the designated trial entry point, we will wait for the pattern to confirm before considering whether to enter. Coupled with this wave of Bitcoin's correction, Ethereum is struggling to go lower, indicating fierce competition around 2620. At this moment, before the direction is clear, observing is the best choice. Sometimes it's better to miss out than to make a wrong move. Remember, the fundamental principle of trading is survival, and profit comes second.

The daily K-line reached a high of 2690 and a low of 2605. The EMA15 trend indicator support has stretched to 2520. This position serves as a point of exchange between bulls and bears. As long as the bulls hold, there is room and momentum for a rebound. If they can't hold, there is a high probability of a sell-off and further bottoming out. The MACD shows a top divergence, and the trend remains unchanged. The DIF and DEA are continuously expanding downwards, but the K-line is not going down, and the volume is not keeping up, leading to a choice for bulls and bears, increasing risk. Additionally, the Bollinger Bands are contracting, with the upper band at 2700 and the lower band focusing on 2400. The bearish trend is gradually becoming clear; aggressive traders can chase at the current price, while conservative traders should wait for confirmation of the pattern above 2700 before entering.

The four-hour K-line is currently consolidating at the top of the EMA trend indicator, facing resistance at 2620. The MACD's volume is decreasing, and the DIF and DEA are contracting. The upper Bollinger Band has also reached the 2700 mark, with the lower support at 2500. The trend formation is not very clear, and the indicators are relatively balanced. Many single indicators have the suspicion of inducing false signals. For safety, it is best to wait for a clear pattern to appear before entering the market; there is no rush for now.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first, small losses with big gains is the goal.

For a northern trial entry point, consider 2520 to 2480 long, with a defense at 2430, stop-loss at 30 points, and a target of 2580 to 2630. If broken, look at 2680 to 2720.

For a southern trial entry point, consider 2700 to 2720 short, with a defense at 2740 short, stop-loss at 30 points, and a target of 2650 to 2600. If broken, look at 2550 to 2520.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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