📣Detailed Analysis of Ethereum Trends and Stable Trading Recommendations:



  The 4-hour chart shows that the latest candlestick is a strong bullish candle, closing near the high, indicating strong buying momentum. However, the previous few candles around 2246.15 show long upper shadows, indicating selling pressure in that area. The daily chart shows a massive surge candle on April 7th, followed by candles on April 8th and 9th with long upper shadows, indicating that prices in the 2250-2270 range face significant resistance, and the bulls' upward push is encountering obstacles.

  From the four-hour technical indicator analysis:

  MACD(4-hour): The DIF line (21.71) is below the DEA line (26.07), and the MACD histogram is negative (-8.72), but the values are converging (from -11.20 to -8.72), indicating that the bearish momentum is weakening, which may suggest a short-term upward rebound trend.

  RSI(4-hour): The RSI value is 59.46, in the neutral zone but approaching the overbought area, showing that buying strength is increasing.

  EMA(4-hour): The price (2210.63) is above EMA7 (2195.63), EMA30 (2164.19), and EMA120 (2112.96), with EMAs arranged in a bullish order (EMA7 > EMA30 > EMA120), indicating that short-term, medium-term, and long-term trends are all upward. EMA7 serves as an immediate support level.

  Volume: On the 4-hour chart, the latest bullish candle's volume has decreased compared to previous high-volume candles, indicating that the buying momentum behind the current rally is weaker than before.

  Trend structure: Starting from a low point (around 1936), a clear upward rally has been initiated, and currently, the market is in a consolidation phase after this wave of gains.

  Support and Resistance:

  Support levels: Focus on the middle band of the Bollinger Bands at 2185, and the previous consolidation low at 2156.

  Resistance levels: The strong resistance above is near the recent high of 2273.

  Ethereum Trading Recommendations:

  Short position idea: Consider entering long positions around 2190-2200, targeting 2230-2260, with a stop loss at 2160!

  This strategy is time-sensitive; implement strategies mainly based on free guidance! $BTC $ETH #加密市场回升 #原油小幅上涨 #Gate广场四月发帖挑战 #Canary提交现货PEPEET申请 $ETH
ETH1,92%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin