5.07 Ethereum Outlook | Failed to Hold the Surge, Watch for Pullback During the Day

Ethereum surged to around 2420 yesterday but clearly couldn't sustain it, then started to decline all the way back, now fluctuating around 2335.
The current market situation is quite clear: after this rally to 2420, the bulls are starting to "run out of steam." Plus, the US stock market was weak last night, so during the daytime session, Ethereum is likely to continue its correction.
From the 4-hour structure: the trend has been moving within a small downward channel, with the rebound lacking strength, bullish volume is weakening, and bears are gradually taking control.
The daily chart is similar: after the plunge, there was no significant rebound, overall still weak, so don't rush to bottom fish during the day.
The idea is simple: first follow the trend and look for short opportunities, and once key support is stabilized, consider reversing to go long on dips.
Trading reference:
Sell in batches around 2340 / 2390, targeting 2300 → 2250 at key support, then observe if it can stabilize for a long entry.
If the rebound lacks strength, don't rush to expect a reversal; first follow the trend and take advantage of the pullback space. #BTC回调 #CLARITY法案推进受阻 #美股加密概念股走强 #美股加密概念股走强 #稳定币储备下降 $BTC $GT $ETH