4.9 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

The intraday trend of Ethereum is basically similar to the overall market, but the decline is slightly more pronounced. After multiple rebounds above the 2230 area without stabilizing, the market has encountered a strong pullback, currently running near the 2185 position. The intraday market maintains a range consolidation, and since the support at the 2130 line has not been broken, it is advised that everyone should not blindly short. From the short-term hourly chart, a bearish candle with a long upper shadow appeared at the 4-hour level (April 08, 20:00), indicating selling pressure above 2250. The daily chart has recorded two consecutive days with K-lines featuring long lower shadows, forming strong support near 2130. MACD: The 4-hour level DIF (36.9) is still above DEA (31.11), but the histogram is shrinking;

After the golden cross at the daily level, red bars have appeared for the first time. EMA: The price has broken below the 4-hour EMA7 (2202.21), testing EMA30 (2141.05); the daily chart remains above EMA30 (2107.22). If it can break through the 2280 line of short-term resistance, there is a possibility of pushing towards intraday highs; conversely, if it encounters resistance during short-term attempts to rise, a pullback to support is expected. Currently, the market trends downward, so all cryptocurrency friends are advised to follow the trend. The key support below is at the 2130 line. Therefore, in terms of operations, we suggest maintaining our mindset, focusing on rebounds as the main strategy, and paying attention to Mr. Coin for real-time market analysis,

4.9 Short-term Reference for Ethereum:

Range between 2265-2305 for going long, defensive at 2480 with targets below 2210,

Range between 2130-2070 for going short, stop loss of 50 points, targets above 2200,

Note that there may be delays in updates; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in the market outlook, take profit and stop loss must be managed properly to secure gains.

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