Crypto Circle Liying: 5.16 Ethereum Spinning Top + Dark Cloud Cover, Double Top Signal Appears! Latest Market Analysis
Crypto Circle Liying: Latest Market Analysis for Ethereum on 5.16
Article Published on 2025.5.16—00:20
Current Price of Ethereum is 2560, no need to elaborate further, the bottom has ended and the bullish trend remains unchanged, opening a long position at 2500 is effective and can be held; if it does not break 2580, consider taking profits. Let's look at the real-time data; currently, the market overall is in a volatile downward trend, with high points gradually decreasing. However, from a short-term perspective, Liying believes the market may continue to be in an adjustment state. The K-line pattern shows a reversal signal, but the strength is weak, and the MACD indicator supports the possibility of adjustment or consolidation. The intertwining of moving averages indicates a slowdown in the short-term uptrend, and the decrease in trading volume also reflects the market's wait-and-see attitude at high levels.
Therefore, Liying suggests considering short-term fluctuations and changes in market sentiment; the current price may be consolidating. It is advised to maintain a wait-and-see approach in the short term, and to act only after the market direction becomes clearer. Also, pay attention to the key resistance level at 2600 and the support level around 2500. If the price approaches these points, there may be opportunities for a rebound or further decline. If the price stabilizes near the support level, consider moderately entering rebound operations in the short term, but set stop-losses to manage risk.
From a technical perspective, I believe everyone can see the current K-line patterns of spinning tops and high doji candles, combined with the dark cloud cover indicating potential reversals and consolidations, especially at key moments after recent trends or at high levels. The MACD momentum has turned into a bearish trend, and the violent stretch in earlier market led to many retail investors' chase; now that market sentiment has picked up, the larger trend has not changed, but there is a short-term downward trend. One can look for smaller opportunities within the larger trend, following the trend while managing risk.
Today's Latest Reference Points
Long Entry at 2500, Add at 2450, Stop Loss 30 points, Target 2650
Short Entry at 2650, Add at 2700, Stop Loss 30 points, Target 2550
The above analysis by Liying is based on market data and trend analysis of the order book and does not constitute investment advice. For reference only. $ETH