Today (May 1), Ethereum (ETH) is currently around 1812, after a long period of consolidation, it is gradually emerging from an accumulation pattern. Multi-period technical analysis shows that ETH is expected to welcome a new round of breakout after stabilizing in the support range. The market is at a crucial node for 'secondary force', if the key support holds, bulls may initiate a strong upward attack in the short term!
Multi-period technical analysis
Daily level (1D) structural formation: ETH strongly rebounded in a V-shape after successfully bottoming at 1384 in mid-April, currently in a high-level consolidation area;
Moving average system: MA7 and MA30 show a dual golden cross state, with prices stable above, the trend remains healthy;
MACD indicator: Dual line golden cross running upwards, red bars re-expanding, indicating that bullish momentum is still brewing;
Volume structure: There are no obvious signs of selling during the consolidation with reduced volume, indicating that the main force has not yet retreated.
4-hour line (4H) moving average performance: MA7 continues to diverge after crossing above MA30, short-term support moves up to the 1780-1790 range;
BBI indicator: Remains in a red state, indicating a short-term market tendency to go long;
K-line characteristics: After multiple attempts to test 1850 failed without breaking down, it shows an intention to accumulate power.
1-hour line (1H) MACD analysis: Approaching a golden cross, if accompanied by volume, a short-term surge may occur;
Short-term support: The BBI indicator and trading dense area are located in the 1808-1810 range, with obvious signs of bullish control;
Opening strategy layout
Direction: Go long
Opening range: Gradually place long orders around 1808 - 1815
First take profit level 1830
Second take profit level 1848
Stop loss level 1785
