5.28 Evening Analysis

📊 Technical Analysis

Bollinger Bands Opening: The previous upward momentum was strong, but now the price is consolidating below the middle band, indicating that the upward momentum is slightly insufficient.

After hitting resistance at the high of 2712, the price has pulled back, forming short-term head pressure, suggesting that the bullish intention to push higher is limited.

Currently attempting to break through the middle band resistance (around 2653). If a breakout occurs with volume, there is still potential for a rebound in the medium to short term.

Although ETH's recent rise is mainly driven by expectations such as ETFs, the short-term news is becoming calmer, and speculative expectations are weakening; therefore, the technicals dominate market fluctuations.

📉 Short-term pullback after a rise, pressure at 2710

📈 If the price stabilizes above 2630, light long positions can still be considered; if the rebound does not break 2690, it presents a short opportunity!

🎯 Key Levels:

Long Position Reference: 2615 ~ 2630

Short Position Reference: 2680 ~ 2700,

Breaking below 2600 poses a risk for further decline!