May 12th Ethereum (ETH) 15-Minute Price Analysis From the 15-minute timeframe, Ethereum is currently oscillating at a high level with a slightly bullish trend. The price repeatedly tests upward support at key levels, with the overall trend leaning bullish, but there is still a short-term need for a pullback to confirm support. I. Trend and Structure Interpretation 1. Wave Structure Analysis The price started rising from a low of 2262.45, forming a clear impulsive wave structure: ◦ Wave (1): 2262.45 → peak of Wave (2), completing the first main upward move; ◦ After a correction in Wave (3), Wave (4) consolidates in a retracement channel around 2309, then resumes its upward move, currently in an extension phase. This “uptrend - correction - further uptrend” structure indicates that bullish momentum has not exhausted, and the pullback is more of a shakeout rather than a trend reversal. 2. Key Price Levels Distribution ◦ Resistance levels (red lines): 2365.43, 2391.23, 2424.80, are the main short-term resistance zones. The price has broken above 2365, with the next target in the 2391-2424 range. ◦ Support levels (green lines): 2309.93, 2264.91, with 2309 being the current core defense level. As long as it is not effectively broken downward, the bullish trend remains intact. 3. Pattern and Momentum The price has broken through the retracement channel of Wave (4), which is a bullish signal indicating a “breakout of correction” and short-term bullish dominance. However, signs of repeated battles between bulls and bears appear at high levels, with the upward slope slowing down. Caution is needed for a potential pullback to confirm support. II. Trading Strategy Reference Based on the current structure, a “main long at low levels, supplementary short at high levels” range trading strategy can be adopted: Position Entry Point Stop Loss Target Range Short Near 2420 Above 2440 2370 / 2330 Short Near 2370 Above 2390 2340 / 2310 Long Near 2310 Below 2300 2350 / 2380 Long Near 2270 Below 2250 2300 / 2350 Long Near 2230 Below 2200 2280 / 2320 III. Risk Warning 1. In a short-term bullish trend, chasing high carries significant risk. Prioritize waiting for a pullback to support levels before considering long positions to avoid being caught in a high-level rally. 2. If the price effectively breaks below the 2309 support, the bullish structure will be broken, and further pullback to the 2270-2260 zone should be watched for. 3. The above analysis is based solely on the 15-minute technical structure. Cryptocurrency markets are highly volatile; strategies should be adjusted according to market sentiment and news dynamics, with proper position management and stop-loss measures in place.

May 12 Morning Thoughts Yesterday, gold showed a strong rebound after testing the bottom, dipping to around 4648 during the Asian session, and receiving strong support at the key level of 4650. In the evening, the price surged to around 4748, then briefly faced resistance and pulled back, falling to a low of 4708. Bulls launched a fierce attack again, ultimately stabilizing above the middle band of the Bollinger Bands. The daily chart closed with a bullish candle with an upper shadow, and the current gold price is at 4769, with strong bullish momentum. There are no major data releases on the news front; the market is mainly watching the US dollar index and Federal Reserve policy expectations. As the expectation of rate cuts remains cautious, the dollar's trend will directly determine the short-term rhythm of gold. From the four-hour chart, gold has formed a bottom around 4650 and rebounded, repeatedly breaking through previous resistance levels, showing a strong oscillating upward pattern. The pullback strength is weak, and support levels below are very solid. The outlook remains firmly bullish with a low-buying strategy. It is recommended to buy on dips around 4720-4735, with short-term targets first at 4770-4780, and if broken, further targeting the 4800 level.

【$USELESS Signal】Buy on pullback + Break above 4H upper band and retest $USELESS RSI 14 skyrocketed to 78.78, 4H Bollinger upper band at 0.0673 was broken through, and the price is hovering above the upper band, indicating deep imbalance with a -21.81% showing selling pressure stacking. The 1H MACD histogram narrows, momentum temporarily weakens. 🎯Direction: Long (buy on pullback) ⚡Entry/Order: 0.06800 🛑Stop loss: 0.05134 🚀Target 1: 0.06956 🚀Target 2: 0.07563 🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to break even; if the price rises directly without touching 0.06800, abandon this opportunity. Buying on pullback is a suitable strategy with favorable risk-reward ratio; 0.06800 is about 24% above the stop loss at 0.05134, but due to high volatility of hot coins, strict execution is required. Check real-time market 👇 $USELESS --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#Gate广场五月交易分享 #比特币波动 #Polymarket每日热点