ETH Daily Quick Review: After breaking below $1800, is it bottom fishing or escaping? $ETH Brothers, on May 6th at 3 PM, ETH is making moves again! I just checked the market, and the price is hovering around $1799, down about 0.1% for the day, but don't underestimate this number; there are hidden currents behind the market.
1. Technical aspects: Support levels are critical, can the bulls hold on? ETH dipped directly to $1794 early this morning, just one step away from the bear market low of $1750 in 2024. Looking at the 4-hour chart, although the MACD histogram has shortened, the KDJ death cross has not been resolved, and there is a clear divergence between price and volume—price is rebounding but trading volume is shrinking, indicating that the bulls are not daring to push. The key short-term support is at $1798; if US stocks crash again tonight, $1750 may really not hold.
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