Eth has been waiting for Danna all morning
After a wave back at noon
Re-entering the market
The first target is to look at 2530
The pressure at 2540 is significant
May 17th, Two-Piece Thought
Short-term capital withdrawal pressure in the two-piece market is significant. Selling pressure coexists with active trading. Prices have broken below the hourly mid-level and are running close to the lower boundary, currently in the oversold region.
Key Resistance: 2570-2585 range, if the rebound is blocked, the trend will continue to be bearish.
Key Support: 2486-2493. Short cycle has confirmed bearish signals. Selling pressure has not been fully digested, and the decreasing volume indicates that short-term selling pressure is weakening.
If prices stabilize in the 2486-2493 range and MACD shows a bottom divergence, bulls may enter, targeting the mid-level around 2570. Stop loss: below 2450.
Short-term capital withdrawal pressure in the two-piece market is significant. Selling pressure coexists with active trading. Prices have broken below the hourly mid-level and are running close to the lower boundary, currently in the oversold region.
Key Resistance: 2570-2585 range, if the rebound is blocked, the trend will continue to be bearish.
Key Support: 2486-2493. Short cycle has confirmed bearish signals. Selling pressure has not been fully digested, and the decreasing volume indicates that short-term selling pressure is weakening.
If prices stabilize in the 2486-2493 range and MACD shows a bottom divergence, bulls may enter, targeting the mid-level around 2570. Stop loss: below 2450.
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ETH
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