Waves in the Coin Sea: May 12 Ethereum (ETH) Market Analysis Reference:

Ethereum's intraday market continues to fluctuate downward, currently in a clear weak adjustment cycle at the daily level. The current price has fallen below the middle Bollinger Band and is constrained by the EMA7/15 short-term moving averages. The bullish arrangement has been broken, creating layers of pressure above; the fast and slow lines in the MACD indicator are diverging downward, the histogram continues to release bearish momentum, and the KDJ and RSI indicators are turning down simultaneously, indicating insufficient market bullish confidence and weak rebound ability. The overall trend has shifted from previously strong to weak fluctuations. The key resistance is in the 2320-2340 range, and if it cannot return above the middle Bollinger Band, weak adjustments will continue.

The short-term 4-hour level shows a clearer bearish trend: the price has fallen below the middle Bollinger Band and all short-term EMA moving averages, with signs of downward expansion in the Bollinger Bands. The short-term moving averages form a complete bearish arrangement; after the MACD dead cross, the histogram continues to enlarge, with the DIF and DEA lines both declining simultaneously. The KDJ and RSI indicators have entered a low range. Although there is a possibility of a technical oversold rebound in the short term, the strong double pressure from the moving averages and the middle Bollinger Band around 2320 limits the rebound space. Overall, the main trend is weak and fluctuating downward, with the first support below focusing on around 2260. If it breaks, the adjustment space will open further. Short-term operation is advised to maintain a bearish outlook, with light long positions if the support below holds.

Waves in the Coin Sea: May 12 Ethereum Short-term Reference:

Short position: Sell in the 2360-2330 range, stop loss 30 points, target at 2300-2260,

Long position: Buy in the 2245-2275 range, stop loss 30 points, target at 2300-2340,

【The above analysis and strategies are for reference only. Risks are to be borne by yourself. The article review and publication may have delays, and strategies may not be timely; do not act blindly!】

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