5.7, Wednesday, Analysis of the Ethereum Evening Strategy!

From a technical structure perspective, looking at the one-hour technical indicator chart, after the running channel opened downwards, the volume could not gain substantial momentum, and the price tested resistance, forming a recovery upward. The moving averages show a gentle upward trend, and the short-term rhythm is narrow without breaking, clearly forming a continuation of recovery. The short-seller volume has significantly decreased, indicating some signs of a potential shift to long positions. Going forward, I personally anticipate a continuation of a fluctuating recovery upward, and during the night and morning, our strategy will be to engage in low long positions.

From the four-hour technical indicator chart, the running channel remains stable. The price decline did not continue to form a pullback, and the volume has shifted to long after a decrease. The moving averages also show consistent upward movement, and the short cycle bulls have effectively broken through. The upper channel is also about to open.

Bitcoin trading suggestion: Go long around 96500, with a target of 97500-98500. If it breaks through, continue to look upward!

Ethereum trading suggestion: Go long directly around 1830, with a target of 1880-1900.