5.13 Evening Market Analysis:

From a daily chart perspective, the current KDJ indicates an overbought signal at a high level (the three-line indicator has encountered resistance), the MACD shows a short-term bullish trend starting to shrink, and the BOLL is continuously widening. The price of the cryptocurrency has been restored to within the band (now it depends on the depth of the adjustment; as long as the lower support gap is not broken during the adjustment period, the duration and depth of this adjustment will determine the height of the subsequent rally); in the main chart, the three-day MA lines are still arranged to rise at different amplitudes, but the increase of the five-day MA line has weakened compared to yesterday. The current price is close to this five-day moving average, which is in a phase of breaking and sticking.

From a 12-hour perspective, the current KDJ shows a death cross at a high level, the MACD bullish trend continues to shrink, and BOLL is still widening upwards, but the price of Ethereum has shown a pullback within the BOLL, indicating a possibility of testing the lower support at the middle band; in the main chart, considering that both Ethereum and Bitcoin have stabilized at the green TD9, it is “reasonable” to expect the market to adjust in the short term. The five-day MA line has also shown a downward turn, but the ten-day MA line below serves as support, suggesting that the ultra-short term may fluctuate around 2450. However, from a weekly perspective, this adjustment has not yet ended, as the gap has not completed a substantial technical repair.

Summary: Personally, I expect Ethereum to continue fluctuating downwards today (repairing the gap at the weekly level), with the key support area still referring to the 2250-2124 range, which is the gap area to be repaired at the weekly K level. For the weekly level, as long as the 2250-2124 range is not broken, Ethereum will continue to trend upwards in volume.