Ethereum once again breaks a new high today, and the trend is again within my predictions. For Ethereum to break new highs, it still needs to pull back and build strength to rise further. At the same time, the layout strategy from last night of going long first and then short has perfectly profited out!

【Analysis of Ethereum price trend from the four-hour chart】

Candlestick pattern:

The daily chart shows that the recent price has continuously rebounded from the low point near 2500, forming multiple bullish candles, overall presenting a trend of oscillating upward. On the four-hour cycle, a long upper shadow (high of 2788) appeared at 08:00 on May 29, followed by a pullback, indicating certain selling pressure in the short term.

Technical indicators:

MACD: In the four-hour cycle, both DIF and DEA are above the zero line, but the histogram is gradually shrinking, indicating weakening momentum; the daily MACD is still in a golden cross state, and the upward momentum has not yet fully exhausted.

RSI: The RSI value for the four-hour cycle is 63.7, close to the overbought zone, and may face adjustment pressure in the short term; the daily RSI remains above 60, indicating that the medium-term upward trend is still healthy.

EMA: The current price is above EMA7, EMA30, and EMA120, and the moving averages are in a bullish arrangement, providing strong support. Pay attention to the support levels of 2720 (EMA7) and 2620 (EMA30).

Trading volume:

The daily trading volume has significantly increased since May 27, indicating active market sentiment and intensified long-short battles. In the four-hour cycle, the surge at 08:00 on May 29 was accompanied by huge volume (229259), but subsequent volume has shrunk, requiring caution against short-term pullback risks.

Evening Ethereum steady strategy sharing on 5/30:

It is recommended to enter short positions near 2740-2760 for Ethereum, with target points: 2720-2700-2660-2640.