Key support moves down to 2150, the double bottom structure at 2320 becomes the short-term focus
Regarding Ethereum, there was an update for my brothers yesterday, the support around 2420 has been effectively broken, and there are no signs of a stop in the decline at this small scale. The current price is around 2360, and as mentioned, the potential support below is now focused on the area around 2280!
In terms of trends:
On the small-scale chart, the low point of 2320 was reached early this morning, and although there was a short-term rebound following Bitcoin, it has now fallen back again, approaching the previous low point. We can pay attention to whether there will be a stop in the decline around 2320 and complete the double bottom structure! If the low point is broken again, then the support at 2280 will need to be moved down, and the next potential support will appear around 2150!
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ETH Analysis: May 19, 2025 Daily Chart
