📣 Ethereum Long and Short Profits, Perfect Exit! How to Operate in the Future❓

📣 Ethereum has once again retraced to gain momentum. Can it break through new highs again tonight?

Last night, after Ethereum broke through 2700, the trend did not stabilize above 2700 but instead retraced again, similar to previous price movements. This indicates that the resistance at the 2740 level is still quite strong, and previous attempts to break through have been unsuccessful. Future movements will focus on the 2740 position. Meanwhile, last night’s short position layout perfectly secured profits!

【Analysis of Ethereum Price Trend from the Four-Hour Chart】

K-line Pattern:

The daily level shows that the recent price quickly rebounded from a low of 2526.5 on May 23 to a high of 2712.36 on May 27 before retreating. It is currently in a phase of consolidation. The four-hour level has formed a short-term upward trend, but there is noticeable resistance near 2712, and there are signs of adjustment.

Technical Indicators:

MACD: In the four-hour cycle, both the DIF and DEA are above the zero axis, but the bullish momentum bars are gradually shrinking, indicating a weakening of upward momentum. The daily MACD still maintains a golden cross, indicating bullish dominance.

RSI: The four-hour RSI is at 58.8, close to the overbought zone but not yet entered, showing a strong market sentiment; the daily RSI remains in a neutral to strong area.

EMA: In the four-hour cycle, the price is running above EMA7 (2639.7), indicating strong short-term support. EMA30 (2593.2) and EMA120 (2449.1) show a bullish arrangement, with the overall trend upward.

Trading Volume:

The daily trading volume peaked at 798431 on May 27 and has since shrunk, indicating a decrease in the willingness to chase prices after the rise. In the four-hour cycle, the increase in volume occurred between 20:00 on May 27 and 00:00 on May 28, after which the trading volume gradually decreased, indicating a decline in market activity.

Evening Ethereum strategy for stable returns (first long, then short):

【First Long】 It is recommended to enter long positions in the 2630-2640 range, with target points: 2660-2680-2700.

【Then Short】 It is recommended to enter short positions near 2690, with target points: 2660-2630-2600.

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