The Future of Ethereum May 10

Good morning everyone, I hope to provide early market analysis so that everyone can benefit.

Let’s analyze the daily chart of ETH. After stabilizing around 2200 yesterday, it has entered a period of low volume increase in the short term, oscillating between 2200-2500. The daily chart pattern is actually in a bottom consolidation phase, and once it rises, many will jump in. Once the oscillation ends, it will need to break through 3000.

From a single candlestick perspective, the overall pattern is an N-shaped upward line, and the market is showing a bullish reduction in line, indicating significant pressure above. It needs to consolidate and build strength, and there may be an increase in volume tonight or a breakthrough of this line. The larger trend has formed a bottom pattern, and the potential for a breakout is significant. The moving averages are also trending upward, and a golden cross has formed at the bottom. Everyone can consider buying on dips!! Find the retracement point and get on board. Wishing everyone good luck!

Please follow to avoid getting lost, and here’s the core advice for making money,

The reason you are losing money is that you cannot hold onto your positions. Think about it, is it you? If you lose a bit, you want to cut losses; if you win a bit, you want to secure your profits. Embrace certainty. Watching the market will never earn you money, and running early will also never earn you money. Start with a light position and low leverage, and increase your holdings in a big market movement.