5.1 ETH short-term pullback ends, the counterattack horn has sounded!
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;