ETH daily line under pressure at 2800, oscillating and awaiting test of support at 2380-2420
Ethereum has also not been able to break through the strong resistance level above, with significant selling pressure at 2800. Currently, there has been a downward trend, briefly dropping to around 2550, and now rebounding to around 2620. Let's pay attention to the direction ahead!
In terms of trend:
From the smaller time frame charts, the upward trend has been briefly disrupted, showing a downward trend. However, from a larger perspective, it is still within the overall oscillating range. A brief breakout above 2750 can be viewed as a false breakout, so we should continue to monitor the previously mentioned oscillating range at the lower levels of 2420-2380. Tomorrow is the weekend again; under conditions of low liquidity, focus more on the oscillating range and key positions!
Trading tips:
In the short term, pay attention to the rebound momentum near 2620 and the resistance above at 2680/2750. If it effectively drops below 2550, the risk of a further decline to the 2380-2420 area increases. With lower liquidity over the weekend, be cautious about chasing highs and lows, and wait for clear signals near key positions. A stable breakthrough and hold above the previous high of 2750 may indicate a trend reversal.
"Continue to pay attention to get the latest market strategies, with daily market analysis updated on time!"
ETH Analysis: May 30, 2025 Daily Chart
