📣Ethereum's downside space is limited, you can buy long below📈

　The ETH price is fluctuating around $1800, with significant volatility in the short term, heavily influenced by whale behavior and market sentiment. Currently, the focus is on the 1750 level below.

　【Analysis of Ethereum price trend from the four-hour chart】

　Candlestick pattern:

　Recently, the price has fluctuated around 1800, forming a noticeable consolidation range. In the 4-hour time frame, there have been multiple long upper and lower shadows, indicating market uncertainty and repeated testing of support and resistance levels.

　Technical indicators:

　MACD: The current MACD is in the negative area, with the DIF line below the DEA line, indicating there is still some downward pressure in the short term, but attention should be paid to whether a bottom divergence signal will appear.

　RSI: The RSI value is hovering between 40 and 50, not entering the overbought or oversold area, showing that the market temporarily lacks extreme sentiment.

　EMA: The EMA7 has dropped below the EMA30, indicating a weak short-term trend; however, the EMA120 remains upward, keeping the long-term trend bullish. Be aware that there may be support near 1790.

　Trading volume:

　The daily trading volume has decreased in recent days, indicating reduced market participation and strong wait-and-see sentiment. In the 4-hour time frame, volume has gradually declined after significant fluctuations, suggesting the market is searching for a new direction.

　Ethereum steady profit layout on the evening of 5/6:

　It is recommended to enter long positions around 1760-1780, with target levels: 1820-1850.

　If the trend continues to pull back, it is advised to add to the long position at 1740, with target levels unchanged!

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