The big coin Ethereum broke through MA(7) and MA(30) after a rapid rise at 5 AM on 5/20, but the latest candlestick shows a significant price drop, with a large body indicating that the market may face short-term pressure.
In the short term, although the overall trend shows that the market is in an upward channel, the recent emergence of top distribution patterns, bearish engulfing patterns, and three external downward reversal patterns have increased the risk of a pullback. In the short term, it may continue to test the support around MA(7) and the previous low point near 102038.8. The recommendation for the big coin operation in the early morning is to short around 104800-105200, with a target near 102500. For Ethereum, short around 2480-2520, with a target near 2380.