Academician of the Coin Circle: On May 21, what is the target for the daily adjustment of Ethereum? Latest market analysis and operation suggestions

The current price of Ethereum is 2138, with significant resistance on the daily K-line at 2200-2250 moving averages. The short-term price has fallen below the EMA15, 30, and 60 moving averages, forming a typical downward arrangement. In the MACD indicator, the DIF and DEA have a dead cross below the zero line, and the green bars continue to increase, with downward momentum unchanged. The Bollinger Bands are opening downwards, and the price is running close to the lower band. The 2100 level below serves as short-term psychological support; if broken, it is likely to test the previous low around 1736. The current trend is overall bearish, and the rebound is merely a weak correction.

The four-hour K-line has declined from a high of 2422 to 2074 and entered a narrow fluctuation range, currently hovering around 2130. The EMA moving averages are arranged downward, and price rebounds are consistently suppressed by the EMA15, showing no breakout momentum in the short term. The MACD indicator shows a bottom divergence signal, with the red bars starting to increase, and the DIF turning upwards, indicating a possible weak bounce in the short term. The Bollinger Bands are narrowing, with prices running above the lower band. The 2170 level above is the first resistance. If broken, it may challenge the strong resistance near 2220.

Short-term reference:

From the 2170 to 2220 level downwards, stop loss at 2230, target at 2110 to 2080, breaking point at 2070.

From the 2110 to 2090 level upwards, stop loss at 2070, target at 2170 to 2200, breaking point at 2220.

In fact, the current market situation is simply the main force washing the盘, with both bulls and bears feeling discomfort. Everyone should not always try to catch every wave of the market; if it cannot be caught, it's better to rest than to stubbornly hold on and get harvested. The adjustment of Ethereum has not yet ended; patiently wait for a stabilization signal to emerge before acting. Preserving the principal is essential to await the subsequent significant market movements!

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