5/3$ETH Trend Analysis
From a technical perspective, ETH has formed short-term support around $1810 on the daily chart. Although there has been a pullback, it remains in a consolidation phase overall.
The key moving average system shows that the 55-day moving average has become the dividing line between bulls and bears. If it can break through effectively, it will open up the channel to challenge $2000.
The current market displays three characteristics:
1. The price is oscillating in the $1800-$1870 range. The N-shaped upward structure indicates that the bulls still have the upper hand, but there is significant selling pressure near $1870.
2. The moving average system has formed a golden cross. The MACD indicator shows signs of a top divergence but has not confirmed it. The short-term pullback may be limited to 3-5%.
3. On-chain data shows that a large number of institutional buy orders have accumulated in the $1700-$1800 range, providing support for the price.
Operational Suggestions:
Short-term focus on the $1800 support level; if it breaks, it may test $1750.
Medium to long-term investors can gradually build positions in the $1750-$1810 range.
A breakout above $1870 can be seen as a signal for trend continuation, with a target of $2000.
The market often initiates movements when retail investors are hesitant and adjusts when everyone is chasing prices. Maintain discipline, set clear stop-loss and take-profit levels, and avoid emotional trading.
Remember, true profits come from capturing major trends rather than frequent trading.
With interest rate cuts approaching, I plan to publicly lay out a speculative coin, expecting a tenfold increase in the short term and a hundredfold in the long term. The same market conditions, top-tier strategies, follow along to witness everything.
