#美国PPI数据来袭

Evening market overview on May 15: $ETH bulls hold the advantage

ETH experienced a strong upward trend from 1750 to 2738, nearly a 1000-point increase, providing most people with an opportunity to reduce positions and break even. Most spot costs are around 2800-3200. When it reaches around 2800, do you think you should reduce your position?

In the 4H chart, it has shown a reverse V pattern, with excessive upward movement leading to normal corrections; currently, at the 2514 support and resistance resonance position, it has provided strong support. At present, if the 4H does not break below this position, it will continue to return to 2700 and touch the 2800 pressure level again.

The 1H chart shows a descending wedge channel, with lower support at 2499 and upper resistance at 2602; we can trade back and forth around the upper and lower support and resistance levels; set a buy order near 2499 on the left side, with a stop loss at 2465 and a target of 2585; alternatively, wait for a right-side pullback that does not break or a drop that rebounds for a buy order. For high short positions, set a buy order near 2602 on the left side, with a stop loss at 2610 and a target of 2514; alternatively, if it breaks 2602 on the right side and then falls back below 2602, place a short order. Choose your positions based on what side you prefer; when unsure, observe and wait with an empty position, ready to strike when the opportunity arises.

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