Looking at the ETH multi-timeframe candlestick chart (18-hour, 4-hour, daily, etc.), as of May 5, ETH is trading around 1799, showing a fluctuating downward trend. We will analyze today's direction from different dimensions and provide specific point strategies and reasonable judgments:
1. Trend analysis (combined with yesterday's predictions and current real-time performance)
1. Daily level:
Yesterday, ETH once again closed with a small bearish candle, retracing between MA5 and MA10, indicating a weakening of short-term bullish momentum.
BOLL channel is hovering near the middle track, with prices gradually approaching between the middle and lower tracks, indicating an adjustment phase.
RSI and CCI remain weak and fluctuating, with no obvious turning point signal.
2. 4-hour level:
The top at 1872 has been confirmed, currently experiencing two consecutive bearish candles, indicating a short-term need for further declines.
The EMA moving average system has formed a dead cross, with MA30 and MA60 flattening slightly downwards, structurally leaning bearish.
BOLL opening is gradually widening, prices have broken below the middle track and cannot regain it, showing obvious signs of short-term weakness.
3. 1-hour level:
Price highs are gradually falling, showing a typical slow topping structure.
1799 is an important long-short balance zone; once it is lost, it is expected to enter a consolidation area around 1760-1740.
Today's operation summary
Direction judgment: leaning bearish with fluctuations, short-term unable to stabilize at the 1800 integer level.
Operation suggestion: short positions in the 1820-1830 area, target 1764-1728, stop loss above 1815.
