ETH market analysis in the early morning of May 23

Because the intraday price fluctuation is not too strong today, Ethereum is still in the vicinity of 3750 for short-term oscillation adjustment, so the analysis idea of ​​short-term market in the early morning remains unchanged.

The large-scale technical changes are not big, so we still continue to look at the oscillation and adjustment in the early morning, and the first support price of the low point is still around 3590-3470. For the current large-scale trend of Ethereum, the short-term must need a substantial retracement adjustment to give technical repairs, and its price will have subsequent rising volume and indicator support.

In plain words, I still look at the technical retracement adjustment in the short term, and the first support of the low point is still in the 3590-3470 area. If the short-term decline cannot effectively break through the first support price area, Ethereum will then be bullish for the second time after touching the bottom support, and the high point target is expected to move to the 3950-4080 area. $BTC $ETH $SOL