Evening Analysis on #ETH :

Ethereum is oscillating around 2400, with the upward trend showing signs of slowing down.

In the short term, the price has shown signs of stagnation near 2400. Combined with the top formation and doji pattern, the market may face the possibility of short-term adjustment or sideways consolidation.

Recommendation: Investors are advised to remain cautious at the current price level, reduce long positions, and pay attention to the support situation at 2400 as well as changes in market signals. If clear reversal signals appear, consider short-term selling to lock in some profits. Meanwhile, watch the 2300 support; if the price breaks below 2385, it may accelerate downward to lower support areas.

Technical Analysis

Candlestick Pattern: The bullish three soldiers and bullish engulfing pattern indicate strong upward momentum, while the top formation and doji may suggest stagnation or reversal of the upward trend.

Market Trend: A rapid rise began on May 8, forming a clear upward trend, which has recently oscillated around 2400, with the upward trend showing signs of slowing down.

Support and Resistance: Support is near 2300, and resistance is near 2490.

Potential Buy and Sell Points

Long Entry Point: 2385 (close to support, may form a short-term rebound opportunity)

Long Stop Loss Point: 2300 (breaking below confirms increased likelihood of trend reversal)

Short Entry Point: 2530 (close to recent highs, with certain selling pressure risk)

Short Stop Loss Point: 2570 (breaking above the previous high confirms the continuation of the strong upward trend)