5.28 Early Morning Analysis

ETH has broken through the upper Bollinger Band, showing strong short-term momentum;

Multiple bullish candles are continuously pushing up, indicating active capital;

The previous high of 2734.23 is an important resistance level.

The price has just broken through the upper band, suggesting some inertia for continued upward movement;

However, as it approaches the previous high area, be cautious of short-term pullbacks;

ETH is currently in a strong breakout phase, but be wary of resistance at the previous high leading to fluctuations or short-term retracements.

Long Position

Entry on Pullback: 2620–2640

Buy when re-testing support near the upper Bollinger Band

Short Position (betting on a pullback):

Entry Point: around 2730–2740

If there is a high without volume or a long upper shadow appears;