5.4 Ethereum Market Analysis

The boring weekend fluctuation is about to end! Everyone can ambush in advance with the blogger for tomorrow's key market on Monday. From the overall market, it can be seen that the recent 4-hour level has encountered resistance and retreated at 1849, forming a short-term double top structure. The key support level is around 1800, with the daily line showing three consecutive days of long upper shadows, indicating intense competition between bulls and bears. 1800 is the key watershed for the day and also the critical defense level of the daily EMA120 + support from the large bullish candle on May 1st. The suggested strategy is to buy on dips.

Strategy Points: Buy in batches at 1785-1800-1810

Stop Loss: 1730

Target: 1940-1980

The above views are for reference only. #以太坊