2025/5/13 ETH Midday Analysis:

Overall Analysis

Recently, the price has shifted from an upward trend to a consolidation and pullback phase. At the same time, the MACD indicator shows weakening momentum, and the KDJ reflects that the market is in an oversold state, with trading volume significantly decreased compared to before.

In the short term, the market may face continued consolidation or slight pullback conditions. However, since the KDJ is in the oversold area, there is some potential for a rebound, but further signal confirmation is needed.

Advice: For those already holding positions, consider making appropriate adjustments based on support and resistance levels. If the market stabilizes around 2400, one can look for rebound opportunities in the following sessions. New entrants should be cautious in choosing entry timing, waiting for clearer rebound signals or support confirmation before making decisions. Traders should also pay attention to changes in trading volume to assess market activity and price movement potential.

Technical Analysis

Candlestick Pattern: A shooting star has appeared, which may indicate a potential reversal signal that requires subsequent candlestick confirmation.

KDJ: Currently in the oversold area, with short-term rebound potential, but further market performance verification is needed.

MACD: The fast line is gradually approaching the slow line, suggesting weakening momentum, with prices potentially facing a pullback or consolidation.

Volume: Trading volume has decreased, indicating reduced market participation, which may maintain a consolidation or further pullback trend.

Potential Buy and Sell Points

Buy Point: 2406 (recent low, may form support, and KDJ is in an oversold state, indicating possible rebound)

Long Stop Loss Point: 2350 (breaking below the recent consolidation range low, trend may continue downward)

Sell Point: 2580 (close to previous high resistance level of 2624.84, and MACD shows weakening momentum)

Short Stop Loss Point: 2640 (breaking above previous high of 2624.84, the market may continue upward)