Friday Morning Ethereum Analysis
Good morning, currently the price is hovering around 2520 after a rebound following a dip below the 2500 mark during last night's test of short-term support. From the one-hour price chart, the current price is in the upper half of a fluctuation range, with limited upward space and larger downward space. However, from the MACD indicator, a death cross has appeared below the 0 axis, indicating a potential significant decline. Currently, there is no strong unilateral trend in the market, and it is still undergoing range adjustment. Old Wang suggests waiting and watching for a unilateral trend to emerge before making short-term trades — selling high or buying low. Key short-term support at 2490 and resistance at 2550.
Trading Suggestion:
