5.19 Initial Evening Thought Analysis
From the 4-hour K-line chart, the price of Ethereum shows a V-shaped trend of rapid decline followed by a quick recovery. Previously, the price stabilized and consolidated around the 2320 mark, and during the midnight period, it dipped to 2323 for the second time, immediately rebounding strongly relying on the middle track of the Bollinger Bands, gradually recovering lost ground with a series of bullish K-lines, demonstrating a strong willingness of bulls to support.
On the 1-hour level, the price has constructed a small-step ascending structure, and the low support level highly overlaps with the support level of the lower track of the Bollinger Bands, forming an important support defense line. Currently, the 2300 mark has become a key dividing line for bulls and bears. If the price can continue to stabilize above the middle track of the Bollinger Bands, the bullish trend will be further confirmed in the short term, and the market is expected to continue to rise.
Based on the above technical analysis, the evening short-term operation suggestion is to primarily focus on buying on dips. After the price increases, consider reversing to sell based on key resistance level formations. Overall, the Ethereum price has temporarily entered a range-bound oscillation pattern, and it is recommended to adopt a strategy of selling high and buying low to capture volatility opportunities.
Specific operation suggestions:
Gradually establish long positions in the 2340 - 2380 range, targeting price levels in the 2450 - 2500 area.
