May 3rd Market Morning Analysis
The major coin reached a high of 97,895 yesterday, showing some long upper shadows, indicating strong resistance above.
Institutional funds flowing in support the price.
Short-term moving averages are above long-term moving averages, indicating that the overall trend is still upward, but caution is advised for pullback risks.
Currently focusing on a breakthrough at 100,000, while being alert for a short-term pullback to 90,000.
ETH Daily Analysis
Ethereum reached a high of 1870 yesterday but failed to break through 1900, indicating a weak trend.
Ethereum's Pectra upgrade on May 7th
Focus on a breakthrough at 1900 or support at 1750, with a need to clarify direction in the short term.
