5.23 Ethereum midday market analysis and operation ideas

Ethereum's price fell to 3700 in the early morning today and then rebounded rapidly. From the perspective of daily technical indicators, Ethereum's bullish pull-up strength continued to rise from 3000, and there was no substantial retracement and repair. At the same time, all indicators were severely damaged. Judging from the technical aspect, the current price of the currency needs a round of technical retracement for adjustment. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are both in the stage of bullish volume increase, but the KDJ technical indicator shows an overbought signal, and the BOLL technical indicator is in an upward opening state. At the same time, Ethereum is still The technical indicators are broken, and there is no downward adjustment, resulting in the three-day MA being arranged in a bullish pattern. However, the gap between Ethereum and the MA5-day moving average still exists. Therefore, for today's ultra-short-term operation ideas, it is recommended to still focus on rebound shorting. At present, Ethereum is already in the green TD9 at the daily level, while Bitcoin stands firmly in the green TD9. From the perspective of the TD technical indicators, the price of the currency needs a new round of decline to repair the technical indicators, and the bulls will continue to accumulate strength to rise. Therefore, the operation ideas for today's noon and evening remain unchanged, and rebound shorting is still the main focus.

Ethereum: Shorting in batches near 3805-3835 Stop loss: 3876 Target: 3730-3620

Bitcoin: Shorting in batches near 69700-70300 Stop loss: 71200 Target: 68600-68000#BTC #ETH $ETH