📉 #ETH Short positions fully covered, signs of successful covering have emerged, double top bearish warning, bulls need to be cautious

🚨 Ding Ding Cryptocurrency Market Analysis Daily Report 2025/05/24

According to the latest data from Binance, ETH is experiencing fierce competition between bulls and bears, forming a double top bearish structure, with clear key support and take profit levels, operational strategies need to be cautiously adjusted 🔥

ETH Periodic Analysis Summary

Daily: Short positions fully covered, covering has begun successfully, double top bearish formation, if it closes below 2323, bulls need to pay attention to risk

4-hour: Ugly bullish formation, bulls are close to fully covering long positions, stop-loss can be adjusted, continue to observe breakout points

1-hour: Long stop-loss has been triggered, bearish first down then up formation and divergence, conservative short stop-loss being triggered may have potential for a false breakdown

💡 Key price levels and take profit points are listed in detail to help you grasp the trading rhythm

ETHUSDT Technical Analysis Trading Strategy

ETH Daily 1D

Trend: Short positions fully covered, signs of successful covering

Double top bearish, bulls need to be cautious of a drop

Short Position Information

Stop-loss: 2739 (breakout can go long)

Covering short: Last 2649✅

Break below to chase shorts: 2323

Take profit: 2066 1651 1232

ETH 4-hour 4H

Trend: Ugly bullish formation, bulls are close to fully covering long positions

Long Position Information

Trailing stop-loss: 2452 (breakout can go short)

Aggressively cover long: Last 2503✅ Last support triple bottom: 2476

Breakout to chase long: 2735

Take profit: 2752 3018 3283

ETH 1-hour 1H

Trend: Long stop-loss has been triggered, bearish first down then up divergence

Conservative short stop-loss has been triggered, potential for a false breakdown

Short Position Information

Conservative trailing stop-loss: 2592 (breakout can go long)

Cover short: Best 2558 Last major pressure: 2573 Last pressure: 2585

Break below to chase shorts: 2498

Take profit: 2380 2189 1998