2024.5.7 #ETH Market Analysis

Chart Analysis (H1)

1) Here, the H1 bearish OB is tested and refuses to break the downward structure. At present, it is stepping back on range-EQ. I think there will be a short-term rebound here, and then continue to move in the downward structure.

2) So we still pay attention to H1 bullish OB. The accumulation here is a buying opportunity. If it falls below, we should pay attention to hunting range-L.

PS: This article is only a personal opinion, not an investment advice. Please take your own profits and losses. The community morning report is updated twice a day, including the market analysis of multiple trading pairs such as#BTC#ETH #SOL. Welcome to join the community to read.