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

Yesterday, Ethereum short positions were closed at 2350-2370 for a profit. Ethereum's 4-hour chart shows a rapid pullback from the high of 2422.52, completing a surge followed by a decline, ending the previous rebound trend and entering a short-term downward correction. 4-hour Ethereum indicator signal interpretation: Bollinger Bands: Middle band 2359.86, Upper band 2401.10, Lower band 2318.62. The price broke below the middle band and is trading between the middle and lower bands, indicating a short-term weak bearish pattern. The price is approaching the lower Bollinger Band support around 2318, suggesting a potential for a short-term oversold rebound. MACD: DIF=3.59, DEA=11.10. The DIF crossed below the DEA, forming a death cross. The MACD histogram is expanding, indicating increasing bearish momentum. The two lines are diverging downwards, breaking the medium-term uptrend and continuing the downtrend. KDJ: K=21.42, D=29.62, J=5.00. The J value has entered the oversold zone, significantly compressing the short-term downside potential. The K and D lines are diverging downwards from low levels, indicating that a short-term rebound signal has not yet been confirmed, and there is still inertia for further declines. Ethereum Trading Recommendation: Short Position Strategy: It is recommended to continue shorting Ethereum in the 2330-2350 range, with a target price of 2300-2260. Profit targets should be managed independently, with a stop-loss at 2400!