🚀 5.14 Ethereum breaks through key resistance, surge expectations arise!

Current Ethereum price is 2690, right at 4 AM Beijing time. While writing the analysis, the shorts at 2620 were swept out before publication, and the recovery continues, with bulls entering a surge mode again!

Market Analysis

Key resistance level: Pay attention to the key resistance at the 0.5 Fibonacci retracement level at 2745. If it doesn’t break, it is recommended to take profits or consider shorting.

Daily K-line performance:

Highest 2739, lowest 2555. The EMA trend indicator is opening upwards, entering an alternating expansion mode upwards. The MACD continues to increase in volume, with the DIF and DEA breaking through the energy indicator. The K-line stands at the 0.382 Fibonacci level, stretching towards the 0.5 resistance level at 2750. The Bollinger Bands are opening, and the K-line is stretching upwards around the upper band at 2635, with the market entering an extreme overbought state.

Reminder: Friends who have not entered the market should not join the excitement at this time; protect your holdings and stay alive.

Four-hour K-line analysis

The market has formed an ascending flag pattern, breaking through the key resistance point at 2625, and is expected to continue stretching upwards. EMA15 has stretched to 2505, and the MACD is continuously decreasing in volume, with the DIF and DEA's bearish momentum being reversed. It is expected to encounter resistance around 2750; if it doesn't break, consider shorting; if it breaks, it will continue to recover. The upper Bollinger Band has lost support at 2625, and the top divergence of the K-line has completed two-thirds of its move, leaving only patience to wait for the trend to finish.

Short-term trading advice

Safety first: Remember that the market is never 100%, always set stop-losses. Small losses with big gains are the goal.

Northern trial position

Entry point: 2430 to 2400; defense level: 2380; stop-loss: 30 points; target: 2470 to 2500; if it breaks, look at 2530.

Southern trial position

Entry point: 2700 to 2730; defense level: 2755; stop-loss: 30 points; target: 2650 to 2600; if it breaks, look at 2550.

Specific operations should be based on real-time market data; for more information, please consult the author. The article publication may have delays; suggestions are for reference only, and risks are borne by the reader! 💰

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