5/12 Afternoon ETHUSDT Long Position Short-term Entry Suggestion:

Entry is time-limited, strict stop-loss is crucial.

1. Trend and Price Performance:

• ETH is in an upward trend, with the price breaking through $2540, reaching a high of $2624, and consolidating near the high.

• The main support level is between $2540 and $2560. If this range is effectively supported, the upward trend is expected to continue.

2. Indicator Analysis:

• DMI (Directional Movement Index): DI+ (green line) is significantly above DI- (red line), indicating bullish momentum dominance and strong buying pressure in the market.

• MACD (Moving Average Convergence Divergence): The fast line (blue) is above the zero line and far from the slow line (orange), indicating strong upward momentum but showing slight signs of reduction, cautioning against pullback risks.

• Stochastic RSI: High-level stagnation, in the overbought zone, may face short-term correction pressure.

• OBV (On-Balance Volume): Volume has increased, rising with the price, indicating an influx of bullish capital.

3. Key Resistance and Support:

• Resistance Levels: $2624 (short-term high), $2650 (psychological resistance).

• Support Levels: $2540 (strong support), $2500 (psychological support).

ETHUSDT Entry Position Suggestion:

1. Long Entry:

• Entry Range: $2540 - $2560

• Stop-Loss Level: Below $2520 (to avoid being shaken out by short-term fluctuations)

• First Target Price: $2620 (short-term resistance)

• Second Target Price: $2650 (strong resistance area)

2. If the price breaks through $2624:

• Long on pullback after the breakout: Between $2624 - $2630

• Stop-Loss Level: Below $2600

• Target Price: $2680 - $2700

3. If the price falls below $2540:

• Wait and see or look for lower support: Consider going long again in the $2500 support area.

Risk Control:

• Keep position control within 10-15% of total capital.

• If the price falls below $2520, consider short-term stop-loss and wait.