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#山寨季何时到来? The fluctuations over the weekend are relatively small, and most altcoins have fallen significantly along with Bitcoin, making it harder for those heavily invested in altcoins to break even.
Bitcoin has reached around 105,000, and Ethereum at 2,700 has also sold off 8 layers of inventory. Even if it continues to rise, it needs to take a break; after all, if it keeps pushing, it’s quite obvious that there might be a lack of funds. Therefore, the market needs a significant positive stimulus to encourage this, so Bitcoin can continue to rise, and Ethereum can break the crucial resistance at 2,850.
Reduce trading over the weekend. A qualified trader does not operate every day; more often, they wait! Have a great weekend! $BTC
The Ethereum price shows strong strength, rebounding after falling below 2200 USD and holding the key price range. It is in the macro range of 2200 - 3000 USD and is expected to continue its upward momentum.
On May 11, the trading volume of ETH reached 96.77 billion USD, with the price rising to 2513.57 USD. The high trading volume provides strong support for the price rebound, reducing the risk of short-term pullbacks.
Past data shows that after reclaiming this range, Ethereum often rises. The recovery of the 2200 USD support level proves its resilience. If it remains above this level, it may attempt to challenge 2700 USD or even 3000 USD.
In terms of technical indicators, while the MACD has not yet completed a bullish crossover, the bearish momentum has clearly weakened.
Currently, attention should be paid to the consolidation situation around 2500 - 2600 USD. If Ethereum stabilizes above 2500 USD, it is expected to challenge 3000 USD; if trading volume continues to support, the 2700 USD resistance level will also face a test soon.
Additionally, among the liquidation amount of 37.17 million USD on May 11, Ethereum short liquidations accounted for 27.63 million USD. The large number of failed short bets triggered a short squeeze, further pushing the price up rapidly.
The Ethereum price shows strong strength, rebounding after falling below 2200 USD and holding the key price range. It is in the macro range of 2200 - 3000 USD and is expected to continue its upward momentum.
On May 11, the trading volume of ETH reached 96.77 billion USD, with the price rising to 2513.57 USD. The high trading volume provides strong support for the price rebound, reducing the risk of short-term pullbacks.
Past data shows that after reclaiming this range, Ethereum often rises. The recovery of the 2200 USD support level proves its resilience. If it remains above this level, it may attempt to challenge 2700 USD or even 3000 USD.
In terms of technical indicators, while the MACD has not yet completed a bullish crossover, the bearish momentum has clearly weakened.
Currently, attention should be paid to the consolidation situation around 2500 - 2600 USD. If Ethereum stabilizes above 2500 USD, it is expected to challenge 3000 USD; if trading volume continues to support, the 2700 USD resistance level will also face a test soon.
Additionally, among the liquidation amount of 37.17 million USD on May 11, Ethereum short liquidations accounted for 27.63 million USD. The large number of failed short bets triggered a short squeeze, further pushing the price up rapidly.