Coin Circle Li Ying: 5.31 Ethereum (ETH) Latest Market Analysis and Trading Suggestions

Article published on 2026.5.31-----00:30

Dear friends, today Ethereum has reached this position in 2024, so we need to have a good talk! Previously, it dropped from over 2150 to around 1965, but now it has stabilized and started to climb slowly. Looking at this K-line, there have been small upward candles appearing one after another recently. Although there haven't been any strong upward candles, the bottom is gradually rising, indicating that some funds are quietly accumulating. The overall trend has not completely reversed yet, but the signs of a short-term rebound are already very obvious. We retail investors should follow the pace and not blindly chase highs or cut losses.

In terms of technical indicators, the EMA7 and EMA30 in the moving average system are almost sticking together, with the price standing above them; this is a signal of short-term strength. After a golden cross below the zero axis, the MACD has seen continuous expansion of the red bars, indicating increasing momentum; the price has stabilized above the middle track of the Bollinger Bands at 2015, with the upper track at 2031 serving as a short-term resistance and the lower track at 1999 being strong support, overall in a narrowing state with upward testing.

Short-term reference:

For trading range 2010-1980, exit if it breaks below 1950, target 2030 aiming for above 2040.

For trading range 2030-2040, exit if it breaks above 2060, target 2020 aiming for below 2000.

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