[2025.05.07] Ethereum Daily Analysis and Trading Suggestions

According to the latest Ethereum daily candlestick data (2025-05-07), the current price is 1,822.98 (+2.59%), with a 24h trading volume of 809 million USDT, indicating a resurgence in market activity.

Technical analysis shows: MA(7) (1,826.12) and MA(25) (1,729.27) provide short-term support, with the price stabilizing above MA25 and approaching MA7; RSI(6) has risen to 61.58 (close to overbought), and the MACD histogram is at 10.71 (DIF crossing above DEA), indicating enhanced short-term momentum.

The volume MA(5) (294,763.93) is close to the actual value (294,888.43), showing that buying pressure is gradually entering the market. The key resistance is the 24h high of 1,850.00; if broken, it may challenge MA99 (2,124.17); the support level is MA25 (1,729.27), and if it fails, it may retreat to 1,643.53.

Trading Suggestions: In the short term, a light position can be taken, with a stop-loss set below MA25 (e.g., 1,720), targeting the resistance at 1,850; if broken, consider increasing the position in batches towards 2,000; if RSI exceeds 70 or MACD momentum weakens, partial profit-taking is necessary. In the medium to long term, observe the breakout situation of MA99 and maintain caution until a trend reversal is confirmed, avoiding heavy positions.

The current market leans towards a volatile upward trend, but be wary of the overbought pullback risk, closely monitoring BTC correlations and macroeconomic policy movements. $ETH