Li Shengting 5.7 Ethereum Early Morning Market Analysis and Trading Ideas

Ethereum fell from around 1832 to around 1750 yesterday, then fluctuated around 1770. From the daily technical indicators, the current KDJ indicator shows a contraction in bullish momentum, while the MACD indicator continues to press downward. Additionally, the price has not effectively stabilized around the 1800 level today, which introduces significant variability for both the weekly and daily outlooks. It is worth noting that the MA5 daily moving average shows signs of pressure downward, and the price is running below the MA5 daily moving average, continuing to be suppressed. The high MA30 daily moving average has not engaged in bullish volume, so overall, it is likely that the price will continue the downward trend from the evening session.

From the 4-hour technical indicators, the KDJ and MACD indicators show a death cross with increasing downward volume, while the BOLL indicator continues to contract and oscillate downward. The DIF and DEA indicators are crossing downward, and the short-term MA5 and MA10 daily moving averages are also applying downward pressure. Therefore, considering both the short-term and daily perspectives, the early morning trading strategy suggests focusing on short selling on rebounds.

Short selling around Ethereum 1770-1790 Stop loss at 1820 Target at 1710-1680

The above is a personal early morning market analysis for reference only #美联储FOMC会议 $ETH