Academician of the cryptocurrency circle: On May 28, Ethereum seems to have stabilized but still has downwards pressure? Latest market analysis and operation suggestions

Ethereum's current price is 2052. To be honest, the market for the second largest cryptocurrency has not surprised us when it rises or falls. At this moment, calculating probabilities makes it easy to make mistakes in operations. Instead of being dragged around by its rhythm, I advise everyone to be a bit more Zen, stick to the levels set previously, plan trading before the market opens, and have a trading plan during market hours; if it reaches the target, execute it, if not, wait. Keep stop-loss orders in place, control positions, and leave the rest to the market; otherwise, it can be mentally exhausting. There’s no need to engage in internal conflict with it, trust your trading system, instead of being your own enemy.

The daily K-line is in a short-term downward channel. The EMA 15, 30, and 60 moving averages are aligned downwards, and the price has fallen below all moving averages with strong resistance forming around 2100. In the MACD indicator, the DIF is below the DEA, and the green bars are continuously increasing, with downward momentum still being released. The Bollinger Bands are opening downwards, with the price running near the lower band, the lower band support is around 1988, and the upper band pressure is 2382. The overall trend is bearish, and there are no clear reversal signals; a wait-and-see approach is advised.

The four-hour K-line is fluctuating around 2057. The EMA moving averages are aligned downwards, and the short-term price is significantly suppressed by EMA 15. The MACD indicator shows that the DIF and DEA have formed a golden cross shape below the zero axis, with the green bars continuously shortening; short-term downward momentum has somewhat diminished. The Bollinger Bands are currently in a contract state, with the price running near the lower band. The lower band support is around 2055, and the upper band resistance is around 2132. There is a slight rebound demand in the short term, but the rebound strength is limited. The area from 2100 to 2132 is heavily pressured, and the rebound is likely to be a weak recovery, which cannot change the overall bearish pattern.

Short-term reference:

Move upwards from 2050 to 2010, stop-loss at 1970, target looking at 2090 to 2130.

Move downwards from 2110 to 2150, stop-loss at 2170, target looking at 2080 to 2040.

Specific operations should rely on real-time market data. For more detailed information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and the risk is to be borne by the individual.

Warm reminder: The above content is solely created by the author on Weibo. The advertisements at the end of the article and in the comment 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。