5.20 Ethereum Market Analysis

Ethereum fell yesterday but rebounded with support at the 2300 level. It is now close to yesterday's high point, with the short-term pressure of 2500 having been broken. It is currently oscillating at a high level, trying to stabilize around the 2500 line. The 7-day moving average crossed above the mid-track in the early morning, and the 30-week has given a golden cross signal for an upward trend. The bare KV resistance will be unable to suppress it. Overall, Ethereum is expected to continue the weekly bullish trend and re-test the 2700 line during the day.

Trading Suggestion: Buy in batches at 2475-2450

Target: 2575-2675

Risk Control: 2425