5.31 ETH market analysis: Ethereum fluctuates to absorb funds, and then go long after a pullback
Yesterday, the Ethereum market continued to fluctuate. It rebounded to around 3800 in the evening and then quickly fell back. The current price has fallen below the middle track and continued to fall along the lower track.
From the 4-hour chart, Ethereum shorts slowly increase in volume, and the Bollinger Bands move downward. The price has been fluctuating in the range around 3730, and has never broken through the 3700 first-line support. It is expected to fall first in the evening to test the bottom support, and there may be a pullback. The current price is still testing downward, waiting for a pullback before going long. Overall, I am still optimistic about the bulls. For specific details, you can find me to chat privately.
ETH operation suggestions:
Go back to around 3670-3700 to go long, the target is 3800-3900, and break 4000. Stop loss 3630
It is easy to be affected by emotions when dealing with the market alone, resulting in a long-term situation of more losses and less gains. Friends who are not ideal in operation and can't find a direction can get on the bus for consultation.
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