📈 #ETH Short covering continues, the backtest is nearing the end, and there are no obvious signs of successful short covering yet. The short-term may see a false breakdown turning bullish.

🚨 Dingding Cryptocurrency Market Analysis Daily Report 2025/05/22

According to the latest data from Binance, ETH bulls and bears are in fierce battle, with clear key support and resistance. Strategy operations must be flexibly adjusted. 🔥

ETH Periodic Analysis Summary

Daily: Bearish short covering continues, backtest is close to the final position, still no clear signs of success, short-term has a chance of a false breakdown turning bullish.

4-Hour: Ugly bullish formation is taking shape, aggressively covering long is feasible, or may show signals after three bottoms backtest.

1-Hour: Bullish formation has not yet clearly manifested, starting to show overbought divergence, still has the possibility of a three bottoms backtest, the bullish area has already reached full position.

💡 Important support and resistance and take profit levels are clear, helping you grasp the rhythm.

ETHUSDT Technical Analysis Trading Strategy

ETH Daily 1D

Trend: Short covering continues, backtest is nearing the end, no signs of successful short covering, chance of false breakdown turning bullish.

Short Position Information

Stop Loss: 2739 (breakthrough can go long)

Short Covering: Best 2579✅ Last Pressure 2600✅ Final 2649

Breakdown follow-up: 2323

Take Profit: 2066 1651 1232

ETH 4-Hour 4H

Trend: Ugly bullish formation is taking shape, can aggressively cover long, may show signals after three bottoms backtest.

Long Position Information

Stop Loss: 2323 (breakdown can go short)

Aggressively cover long: Major Support 2553 Best 2539 Last Support 2520 Final 2501 Three Bottoms 2461

Breakthrough follow-up: 2589✅

Take Profit: 2752 3018 3283

ETH 1-Hour 1H

Trend: Bullish formation has taken shape but has not yet manifested, starting to show overbought divergence, still has the possibility of a three bottoms test, the previous bullish area is already fully positioned.

Long Position Information

Move Stop Loss: 2452 (breakdown can go short)

High-risk aggressive cover long: Major Support 2553 Best 2539 Last Support 2519 Final 2501

Breakthrough follow-up: 2615✅

Take Profit: 2737 2977 3217