#ETH Day Analysis:

The price is oscillating around 1820 and has entered a correction phase, overall showing a trend of oscillating decline.

In the short term, the current candlestick pattern is a pregnant line, which may indicate a potential reversal in the market.

Suggestion: It is advisable to maintain a wait-and-see attitude, closely monitoring whether any reversal signals appear in the market. At the same time, conditional orders can be set at key levels to seize potential rebound opportunities. If the price breaks below the support level of 1730, defensive measures should be considered, gradually reducing positions to control risk. If the price breaks above the resistance level of 1880, moderate position increases can be considered.

Technical Analysis

Candlestick Pattern: The current pregnant line pattern may indicate a potential reversal. Recently, there have been appearances of doji and bottom-finding patterns, which typically signify market uncertainty or trend changes.

Market Trend: Previously oscillating upwards, but the recent correction shows a trend of oscillating decline, with the current price oscillating around 1820.

Support and Resistance: The support level is around 1730, the resistance level is around 1880, and the current price around 1820 may have some support.

Potential Buy/Sell Points

Long Entry Point: 1812 (close to the recent low of May 2 at 08:00, may form support for a rebound)

Long Stop Loss Point: 1790 (break below important support area, confirming further downward trend)

If stop loss is triggered: at the next support, 1750, etc., stop loss around 1720.

Data will be released in the evening, everyone manage your positions well, and pay attention to market fluctuations!!

Short Entry Point: 1850 (close to previous oscillating resistance area, selling pressure may increase)

Short Stop Loss Point: 1880T (break above previous high, indicating continuation of upward trend)