Ethereum Market Analysis on May 21st, Early Morning

1. Key Level Observation: Focus on the price levels of 2510 and 2490 in the 1 - 4 hour level trends.

- Short-term Pullback Assessment: In the 1-hour level, if the price rebounds to 2510 but fails to stabilize effectively (usually meaning the closing price does not maintain above this level), then the price may pull back to around 2490 in the short term.

- Large Pullback Warning: In the 4-hour level, if the price falls below 2490, one should be wary of a significant pullback possibility.

- Long Position Strategy: If the price can stabilize at 2490 after rebounding, and further stabilize at 2510, then investors holding long positions can continue to hold, setting a trailing stop to lock in profits and control risks.

2. Support and Resistance Levels

- Support Levels: These are the ranges of 2450 - 2455, 2410 - 2420, and 2340 - 2350. When the price declines, it may find support in these ranges and rebound.

- Resistance Levels: These are the ranges of 2500 - 2505, 2535 - 2545, and 2565 - 2575. During the price increase, it may encounter resistance at these positions, hindering the upward momentum.