5.28 Aunt Tai Lunchtime Analysis

The Bollinger Bands are widening, and the price has fallen from the upper band to between the middle and lower bands, indicating a short-term correction after a rapid rise.

The 2712 level has formed the latest high point resistance, which has repeatedly failed to break through effectively, with bears actively accumulating in the short term.

EMA7/EMA30 are intertwined around 2648 and 2631, and the current price is slightly below EMA7, indicating a weak short-term trend that requires attention to whether it can stabilize at EMA30.

News: Ethereum spot ETF saw a large number of subscriptions yesterday, with a positive funding outlook, supporting medium to long-term bullish sentiment.

Go Long

Lightly go long after confirming a stop loss between 2610 and 2630.

Go Short

It is suggested to go short after encountering resistance between 2680 and 2695.

Or go short again if 2712 fails to break through.