Technical analysis by CrazyInvestorTom about Symbol ETH: Sell recommendation (5/31/2025)

Technical analysis of ETH contract on May 31:Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern continued to fall, the price was below the moving average, and the attached indicator was dead cross. The decline in the big trend is still very obvious, but we still have to pay attention to the risk of price rebound, after all, the axis level is still strong at present; the short-cycle hourly chart is in a volatile downward trend as a whole, with both continuation and strength, but pay attention to the entry position, and must wait for the rebound correction before entering. This is the trend rule. The current K-line pattern is continuous and the price is below the moving average. After touching the 2470 area, it supports the rebound, and the moving average pressure position is 2515 area.Trading strategy:Sell at the current price of 2520 area, stop loss at 2545 area, and target 2450 area;