ETH Market Analysis: Market Game and Operation Strategy at Key Positions
On May 15, ETH experienced a rapid pullback, with the price quickly falling from $2646 to $2565, and market sentiment was significantly suppressed. The technical indicators show a weak short-term trend,
and the upcoming release of the US PPI data and the Federal Reserve's meeting minutes tonight may further influence market direction. Below are the key observation points and operational thoughts for the current market.
1. Key Technical Signals
Short-term Trend Weakening
A rapid decline occurred on the 5-minute level, with MACD forming a death cross, indicating enhanced short-term selling pressure.
The 4-hour RSI has dropped to 38.7, close to the oversold area, but no clear reversal signal has appeared yet.
Key Support Levels 2550-2580
If the price breaks below 2550, it may further test the 2450-2500 range.
On-chain data shows a large number of stop-loss orders in the 2550-2580 range, and if triggered, it may exacerbate short-term volatility.
ETH/BTC Exchange Rate Needs Attention at 0.024
If the exchange rate falls below 0.024, it may affect the overall confidence in altcoins.
2. Important Market Events Tonight
20:30 US PPI Data
Previous value monthly rate 0.2%, if the data exceeds expectations (such as 0.5%+), it may strengthen the market's expectation of the Federal Reserve maintaining high interest rates, which is bearish for risk assets.
Early Morning: Federal Reserve Meeting Minutes
If the minutes mention "sticky inflation" or "delayed interest rate cuts," the market may come under pressure again.
Ethereum ETF Final Approval Progress
If the SEC delays the decision, it may trigger a sell-off in the short term; if approved, be wary of the pullback risk after "good news is priced in."
3. Operational Strategy Reference
Short-term Traders
If the price rebounds to around 2600 and meets resistance, consider lightly shorting, with a stop-loss set above 2650.
If the 2550 support holds, observe whether a short-term bottom can be formed, but confirmation with trading volume is needed.
Medium to Long-term Holders
If the price falls back to the 2450-2500 range, consider accumulating in batches to control overall position risk.
Pay attention to the final result of the ETF; if approved, consider taking some profits; if delayed, patiently wait for a lower buying point.
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