Pionex: Ethereum 5.11 Latest Market Analysis
Article Published on 2025.5.11—01:00 AM
The current price of Ethereum is 2465. There is no need to doubt the determination of the bulls; just go with the trend. The overall market uptrend has become clear, and during the recent acceleration in price, it has broken through previous highs, setting a new record. This trend is supported by a series of bullish candlestick patterns, and the acceleration following the breakout from the consolidation pattern further confirms the strong buying power. At this time, Pionex is definitely firmly on the side of the main force, following the trend with a bullish stance.
From a short-term perspective, although there are some signs of overbought conditions at high prices, the indicators still show a strong bullish trend. MACD, Bollinger Bands, and KDJ, among other indicators, are all operating at high levels, indicating that the market may continue to maintain a strong upward momentum. Therefore, Pionex suggests that everyone continue to hold long positions in a clear upward trend to align with market movements.
Pionex reminds everyone to consider setting technical support stop-loss points to lock in profits and avoid risks. Additionally, closely monitor any potential pullback or high-level consolidation signals, especially price changes in overbought areas. For aggressive investors, it may be wise to reduce positions at high prices to secure some profits and mitigate the risk of potential short-term market pullbacks. Do not short the market, especially during the current strong trend phase; even if following the trend, do not go against it.
Today's Latest Point of Reference
- Long Entry: 2400, Add: 2350, Stop: 30 points, Target: 2500
- Short Entry: 2750, Add: 2800, Stop: 30 points, Target: 2200
The above analysis is based on market data and trend analysis from Pionex and does not constitute investment advice. It is for reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights, hoping to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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