Crypto Circle Scholar: Will Ethereum rebound after the 'fake fall' on May 6? Latest market analysis reference
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The current price of Ethereum is 1830, and it is now 3 AM Beijing time. The dip does not have substantial targets, and there is still no opportunity to enter. Ethereum quickly rebounded above 1800, with fluctuations not meeting expectations. Originally planned to enter near the dip at 1770, but the lowest point reached 1780 before starting to rebound, a typical 'boiling frog' market, another day of false hopes
The daily K-line shows a high of 1830 and a low of 1780, with a fluctuation of 50 points in between, a favorite for market makers, while retail investors are not participating. The EMA trend indicator is contracting and consolidating, the market continues, and further contraction is expected. The MACD shows a continuous decrease in volume, with top divergence continuing the trend. The upper Bollinger Band has stretched to 1940, the middle band is at 1740, and the K-line is consolidating in an upward channel without probing tops or bottoms, suggesting to wait and see
The four-hour K-line hit the EMA90 support at 1780 and then pulled back to consolidate above the EMA60. Short-term support at 1800 is valid, while long-term support focuses on 1770. The MACD shows volume contraction and the DIF and DEA are contracting around the 0 axis. With the Bollinger Bands tightening, the upper band is at 1850 and the lower band is at 1800. Operating in such a range clearly indicates that risks outweigh rewards. When trading risks outweigh rewards, we naturally choose to wait and see, sitting back and watching
Short-term reference: Safety first, remember that the market is never 100%, so always set a stop-loss. Safety first, small losses with big gains is the goal
Northeast trial entry point 1760 to 1780, defending at 1740, stop-loss at 30 points, target looking at 1800 to 1840, break point at 1870
Southeast trial entry point 1830 to 1850, defending at 1870, stop-loss at 30 points, target looking at 1800 to 1790, break point at 1760
Specific operations should be based on real-time market data. For more information, you can consult the author. The article may be delayed in publication, and the suggestions are for reference only. Risks are to be borne by oneself $ETH