$ETH May 24 ETH Latest Strategy Analysis


ETH:
The current price is around 2119, with the 1-hour MA7 and MA30 moving averages providing support. The MACD remains in a bullish zone with slight shrinking volume, and the rebound structure at low levels is intact. The short-term pullback and consolidation suggest a higher probability of continuation upward.
Bullish logic:
Below 2100-2090 is a strong short-term support. The recent low at 2007 is solid, and the rebound trend is intact. After a pullback and stabilization, the price is likely to continue rising, with the first target at 2145, and after breaking that, aiming for 2170-2190.
Risk warning:
If the price effectively breaks below 2090 support, the short-term upward trend will be invalidated, and caution is advised for a decline toward 2060-2030.
Main strategy: Slightly bullish
Long entry zone: 2095-2100.
First target: 2145.
Second target: 2180.
Stop-loss level: 2080
ETH0.91%
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