Cryptocurrency Circle Academic: 5.11 ETH stabilizes at 2364, fluctuating and gaining strength, daily K-line and four-hour signals are out, accurately grasp the rhythm of highs and lows! Latest market analysis and operational advice
The current price of Ethereum is 2364. To be honest, this recent fluctuating market is truly a mirror reflecting human nature. Many people cannot withstand the solitude and are tempted to operate frequently, resulting in repeated losses, becoming worse off. I also nearly gave in to chasing orders, but thankfully I restrained myself. In trading, discipline is always more important than emotion; set a stop-loss, follow the plan, and don’t let short-term rises and falls lead you by the nose. Now is the time to exercise patience; those who can control their hands will survive in future market conditions.
The daily K-line price stabilizes above EMA15 at 2320 and EMA30 at 2294, and the moving averages are slowly aligning upwards, indicating a short-term trend of fluctuating upward. In the MACD indicator, DIF is close to DEA, and the red bars are continuously shrinking, indicating a decrease in upward momentum. The middle line of the Bollinger Bands at 2320 provides obvious support, while the upper line at 2387 constitutes short-term pressure; the price continues to operate above the middle line without breaking down signals. Overall, the daily level is in a recovery phase after a decline, showing strong fluctuations, but the pressure zone above has light trading, so caution is needed for the risk of a pullback after a rally.
The four-hour K-line is above multiple moving averages of EMA15, EMA30, and EMA60, and the moving average system has flattened slightly and is turning upwards. The short-term support is around 2328. In the MACD indicator, DIF crosses above DEA, and the red bars are continuously expanding, showing that short-term upward momentum has increased. The Bollinger Bands are narrowing, with effective support at the middle line 2312, and the upper line 2354 was slightly pierced before a pullback, indicating some selling pressure above. The TD sequence of the four-hour cycle has not shown clear reversal signals, currently within a fluctuating upward channel; short-term focus should be on the validity of the breakthrough of the upper Bollinger Band. If it cannot stabilize, it is likely to pull back to the middle line support.
Short-term reference:
Long position from 2330 to 2300, stop-loss at 2270, target at 2380 to 2430
Short position from 2380 to 2400, stop-loss at 2430, target at 2340 to 2300
In the current fluctuating market, heavy trading is not recommended. Stop-loss must be strictly executed to avoid repeated losses, and prioritize entering after confirming pullbacks/rebounds with secondary signals. Friends who have been in a long position above 2275 can continue to hold and be prepared for stop-loss profits on pullbacks.
Kind reminder: The above content is only from the author's official 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
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
