5.30 Ethereum midday market analysis and operation ideas

After the bulls rebounded to 3805 at noon today, they began to fluctuate in a narrow range. From the perspective of daily technical indicators, the bulls continued to shrink. At the same time, Ethereum also tested the MA5 daily moving average below. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are both in a state of bullish shrinkage. The BOLL technical indicator shows that the price of the currency is in a state of decline. At the same time, the current price of the currency is trying to break through the MA5 daily moving average and the MA10 daily moving average below. Once it breaks through and stabilizes below effectively, it will start a weekly technical retracement adjustment. The support of the lower low point can be paid attention to: 3567-3478 area.

From the 4-hour technical indicators, the MACD technical indicator is in a high dead cross and the short-term volume continues. The price of the currency in the entire track of the ultra-short-term BOLL technical indicator shows a retracement sentiment. The KDJ technical indicator is in a downward pressure posture. At the same time, the ultra-short-term MA5-day moving average and the MA10-day moving average are working together to press down. At the same time, the current Ethereum moving average suppression is also in the red TD2 short volume arrangement. Therefore, the operation ideas at noon and evening are recommended to focus on rebound shorting.

Ethereum: Shorting in batches near 3780-3815 Stop loss: 3867 Target: 3700-3680

Bitcoin: Shorting in batches near 68000-68500 Stop loss: 69200 Target: 67300-66600#BTC #ETH $ETH