📣 Ethereum longs are continuously profitable, can today's shorts take profit?

Yesterday, influenced by CPI data, the trend saw another surge, breaking through new highs once again. Currently, the trend is in a pullback phase, and it is recommended to short at high positions!

【Analysis of Ethereum price trend from the four-hour chart】

Candlestick Pattern:

Recently, after a significant price increase, a pullback has occurred, forming a high-level oscillation candlestick pattern. The daily chart shows long upper and lower shadows, indicating strong selling pressure and buying interest in the market.

Technical Indicators:

MACD: The 4-hour MACD is in the negative zone, but the fast and slow lines are approaching the zero axis, indicating that there may be a rebound demand in the short term. The daily MACD is still in the positive zone, with a bullish trend.

RSI: The 4-hour RSI has fallen from the overbought area to the neutral zone, with the current value at 62.39, indicating weakening market momentum. The daily RSI has also fallen from a high position and needs to be monitored for further declines.

EMA: The price is currently hovering near EMA7, and if it breaks below, it may test the EMA30 support. EMA120 is far from the current price, and the long-term trend remains upward.

Trading Volume:

The trading volume on the 4-hour chart has decreased, indicating a decline in market participation and a strong wait-and-see sentiment. The daily trading volume has significantly reduced after a surge on the previous trading day, indicating a slowdown in market heat.

Evening Ethereum stable profit layout on 5/14:

It is recommended to enter short positions around 2650-2680 for Ethereum, with target points: 2600-2580-2530!

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