Hello everyone, today XM brings you "Trading Signals for ETH/USD on May 4-6, 2026: sell below $2,400 (21 SMA - 7/8 Murray)". We hope it helps you! Original content is as follows:

ETH is xm外汇注册步骤trading around $2,385, breaking out of the downtrend channel that had formed since April 15 and consolidating above the 7/8 Murray level; the triple top pattern would be confirmed if Ethereum continues to trade below $2,400.

If Ethereum continues to rise in the coming hours and consolidates above the 7/8 Murray line, we could buy with targets at the 8/8 Murray line around $2,500. This zone could offer strong resistance, and a sharp technical correction could occur below $2,500.

If the ETH/USD price returns and consolidates below the downtrend channel and below $2,340, this could be seen as a negative signal, and we could sell with targets at the 21 SMA around $2,310 and finally at the 6/8 Murray level around $2,250.

Given that ETH is showing a positive signal, one opportunity would be to wait for it to reach the 8/8 Murray line to sell. Another plan could be to wait for the price to return below $2,340 within the downtrend channel, then sell with targets at the lower band of the downtrend channel, around $2,160.

The Eagle indicator is reaching overbought levels but still has room to run, so any pullback in the coming hours—and if the price consolidates above the downtrend channel around $2,350, we could buy on a technical bounce with targets at $2,400 and $2,500.

The above is all about "Trading Signals for ETH/USD on May 4-6, 2026: sell below $2,400 (21 SMA - 7/8 Murray)", carefully edited by the XM team. Thank you for your support!