5.16, Friday, Analysis of Ethereum Early Market Thoughts!

From the hourly chart, after a price drop and recovery, it is under pressure from the middle track and is trending lower. The middle track is forming a downward trend, and the short selling volume is consolidating without turning bullish. The moving averages are merging, and the recovery strength is limited in the short term, with excessive oscillation sentiment. However, there is still some demand for downward testing, so our upcoming strategy will focus on buying low.

From the four-hour chart, the operating channel remains in a state of narrow oscillation, with back-and-forth volume not forming a one-sided release. The moving averages are also relatively flat, and the oscillation sentiment in the short cycle is indeed strong, with no signs of a breakout at this stage.

Bitcoin personal trading suggestion: Go long around 103500, with a target of 104500-105500. If it breaks through, continue to look upwards!

Ethereum personal trading suggestion: Go long around 2650, with a target of 2700-2750. #美国PPI数据来袭 #币安HODLer空投NXPC #加密圆桌会议要点 #代币发射平台竞争加剧 #币安Alpha上新 $BTC $ETH