Detailed analysis of Ethereum trends and suggestions for sound trading strategies (May 7th):

Yesterday, two consecutive short positions on Ethereum yielded profits! Ethereum's 4-hour chart shows a clear pullback signal. The 2360-2400 range is a strong resistance zone (Bollinger Band middle band + upper band + previous high), while support lies in the 2320-2340 range (Bollinger Band lower band + recent low). Large sell orders are concentrated at the upper band, and the MACD and KDJ indicators are weakening, making a short-term bullish attack difficult. A consolidation or pullback phase is more likely. Analyzing the 4-hour Ethereum technical indicators: Bollinger Band Middle Band (MID): 2361.48, Upper Band (UP): 2404.15, Lower Band (LOW): 2318.81. The current price is trading below the middle band. The Bollinger Bands are still widening slightly but showing signs of narrowing, indicating a short-term pullback to test the middle band resistance, while the lower band provides support. The price fell from the high of 2422.52, touching the upper band before encountering resistance and falling back, a typical Bollinger Band upper band resistance signal. The MACD lines have turned downwards from a high level, and the red bars are continuously shortening, indicating a significant weakening of upward momentum and a short-term need for pullback or consolidation. The fast line is still above the slow line, but divergence risk is beginning to emerge; a subsequent death cross would further confirm the adjustment signal. The KDJ indicator shows a K value of 37.55, a D value of 52.19, and a J value of 8.27, having formed a death cross and diverging downwards, with the J line rapidly falling back to a low level. The indicators are currently in a weak zone but have not yet entered the oversold zone, indicating that the pullback momentum has not yet been fully released, and there may be further downside potential. Ethereum trading recommendations: Short position strategy: It is recommended to continue shorting Ethereum at 2350-2370, with a target price of 2320-2280. Profit targets are to be managed independently, with a stop-loss at 2420! Strategies are time-sensitive; implementation will primarily rely on free guidance.