Li Shengting: Ethereum Midday Market Analysis and Trading Strategy on May 14
Ethereum closed at 8 AM today, with daily technical indicators again showing a bullish trend. Currently, Ethereum is firmly standing near the 2620 level. The KDJ technical indicator and MACD technical indicator are crossing upward, while the BOLL technical indicator is operating around the middle track. At the same time, the technical gap created by the 5-day moving average has been partially filled, and the high point of the 30-day moving average continues to strengthen. Additionally, in the daily technical indicators, the 3-day moving average is arranged in a bullish formation and is rising. Compared to yesterday, the upward momentum has increased, so for intraday trading, it is recommended to focus on buying on dips.
From the perspective of the 4-hour technical indicators, the KDJ technical indicator shows a golden cross and is strengthening, while the MACD technical indicator indicates a bottom crossover and is rising. The BOLL technical indicator continues to open upward. In the short term, Ethereum is already in a green TD3 bullish formation with increasing volume. The DIF and DEA technical indicators are also rising together, so today's trading strategy remains unchanged, recommending to focus on buying on dips.
Ethereum: Long positions around 2660-2630, Stop loss: 2567, Target: 2700-2740
Bitcoin: Long positions around 103000-102500, Stop loss: 100800, Target: 104500-106000
The above is my personal midday market analysis for your reference #美国加征关税 #CPI数据来袭 $ETH