ETH Market Trend Analysis 20250508 - Day 599

The hourly level still follows Bitcoin, and the daily level continues to maintain a narrow range of fluctuations, with the daily chart now almost flat like a straight line.

The viewpoint is consistent with yesterday; we have reached a node for a directional shift. It will either erupt in silence or perish in silence.

Here, it is still believed that Ethereum will have a fairly good daily level rise, meaning the directional shift will still trend upward. This rise at the daily level should at least reach the 2000-2120 range, and if the upward momentum is strong, it could continue to challenge the 2300 level.

As for the hourly level trend, whether it will drop first and then rise or rise directly is too uncertain to predict. We will patiently wait for the direction to emerge; breaking through 1880 could allow for chasing the rise.

Daily level resistance levels are 1880-2000-2120-2310, and support levels are 1760-1690-1540-1460.