Pionex: Ethereum 5.18 Latest Market Analysis

Article Published on 2025.5.18—00:50

The current price of Ethereum is 2470. Yesterday, it was mentioned that there was short-term downward momentum. Before this article was published, the market had already moved, and it is currently consolidating near the support level. It may be worth considering further dips before going long, as the overall trend shows that the candlestick is oscillating in the 2400-2500 range, presenting a downward trend that has not yet completed.

Therefore, in the short term, it is judged that the price may continue to test the key support level of 2400, and the downward trend may persist. The bearish engulfing pattern and the MACD indicator show strong bearish momentum, and there is significant pressure from the long-term moving averages. Thus, it is suggested that the current market sentiment is bearish, and investors should maintain a wait-and-see attitude, paying attention to whether the price can stabilize near the 2400 support level. If the price breaks below 2400, it may be necessary to increase protective strategies; if a rebound signal appears and volume recovers, it may be appropriate to increase positions and consider rebound opportunities. Exercise caution, and pay attention to market trends and key support and resistance levels.

From a technical perspective, it is quite simple. The first candlestick pattern that appeared is the bearish engulfing pattern, which is a bearish indicator. Coupled with the MACD showing bearish market sentiment, and the current candlestick at the 2470 position, it indicates that the downside space has not yet completed, with a high probability of testing the 2400 support. Therefore, it is suggested that friends looking to go long pay attention to this key position. If the market breaks below the trend line, stop-loss and exit; conversely, continue to hold long positions.

Today's Latest Reference Points

• Long Entry: 2430, Add: 2400, Stop: 30 points, Target: 2550
• Short Entry: 2530, Add: 2560, Stop: 30 points, Target: 2450

The above analysis is based on market data and trend analysis and does not constitute investment advice. For reference only. Over the past ten years, continuous exploration has led to the experience of hundreds of different digital assets. Throughout this process, the market has experienced both the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons. As a female trader striving in this challenging field, there is a strong sense of responsibility to share insights, hoping to assist others with dreams in finding their place in this unpredictable market and embarking 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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