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Crypto Scholar: Ethereum (ETH) Latest Market Analysis Reference on 2025.5.23

The current price of Ethereum is 2640. It is now 1 AM Beijing time. In the short term, Ethereum has reached the double top resistance level. I choose to open a short position above 2660. The reason is simple: there is demand, there are indicators, and there is a pattern. Since all indicators are showing bearish signals, do not be influenced by external factors in the market. Just execute according to the trading plan within the system. If you have planned your trades before the market opens, just focus on defense and set your stop-loss. Safety is always the priority.

The daily candlestick chart shows a high of 2693 and a low of 2543. The V-shaped pattern on the daily chart has reached a critical point. Many in the market believe Ethereum needs to compensate; where is the momentum for a rebound? Bitcoin has taken a large portion of the market share, leading to a decrease in Ethereum's share. This is one of the key reasons why this surge in Bitcoin has not lifted Ethereum. The EMA trend indicator continues to show an upward alternating expansion trend. The EMA15 trend support has already reached 2440 and is expected to converge with the candlestick around 2490. The MACD shows a top divergence with decreasing volume, and the DIF and DEA are at risk of a death cross at any time. Currently, it has been pulled back. The upper pressure level of the Bollinger Bands has reached around the 3000 mark, with the middle track focusing on 2345.

The four-hour candlestick chart has reached the top of an M-shaped pattern, forming a double top. It is necessary and reasonable to test positions at this level. The EMA trend indicator is contracting upwards, and the MACD is continuously expanding. The four-hour candlestick is oscillating around the upper pressure level of the Bollinger Bands at 2670. The middle track support focuses on the 2550 candlestick pullback point. If it breaks, we can continue to look at the lower track support at 2440. Overall, at this position, even if you do not open a short position, it is not suitable to chase long positions. Wait for the bottom support before considering opening long positions.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set your stop-loss. Safety first; small losses and big gains are the goal.

For a long position, test the entry point from 2450 to 2430, with a defense at 2400 and a stop-loss of 30 points. The target is 2500 to 2550, and if it breaks, look at 2600 to 2650.

For a short position, test the entry point from 2670 to 2700, with a defense at 2730 and a stop-loss of 30 points. The target is 2630 to 2580, and if it breaks, look at 2550 to 2500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Scholar and represents the scholar's unique perspective. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Crypto Scholar wishes you happy investing!

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