📣 Ethereum's upward momentum weakens, short positions are optimal at high levels!

The Ethereum trend has continuously hit new highs for several days, but those who frequently monitor indicators may have noticed that yesterday's momentum has been steadily weakening. Therefore, the short positions brought in good profits yesterday. From the current trend, as long as Ethereum does not break through the four-hour midline, the trend will continue to operate below the midline, so it is recommended to short near the midline.

【Analysis of Ethereum price trend from the four-hour chart】

Candlestick pattern:

Recently, the price has retraced at high levels, forming a long upper shadow, indicating heavy selling pressure above. On the daily level, after the significant rise on May 13, two consecutive days of bearish closes suggest that the market may enter a correction phase.

Technical indicators:

MACD: The MACD on the four-hour cycle is in the negative zone, and the fast and slow lines are gradually approaching the zero axis, indicating a weakening of momentum in the short term and a risk of further adjustments.

RSI: The RSI has fallen from the overbought zone and is currently close to 50, indicating that market sentiment is stabilizing, but further downward pressure should still be watched for.

EMA: The EMA7 and EMA30 show signs of a death cross on the four-hour cycle, indicating a bearish short-term trend; the EMA120 is far below the current price, and the long-term trend remains upward.

Volume:

Recently, trading volume has decreased, especially during the price retracement, indicating weakening bullish strength. After several candlesticks following a significant rise, the trading volume significantly increased and then decreased, indicating a tendency for profit-taking after capital inflow.

Evening Ethereum operation advice for 5/15:

It is recommended to enter short positions near 2550-2570 for Ethereum, with target points: 2530-2500. If it breaks below 2500, continue to hold, with target points: 2480-2440.

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