4.11 Mr. Coin in the Cryptocurrency Circle: Ethereum (ETH) Market Analysis Reference

Ethereum's intraday market has also rebounded, with the current price running near the 2240 position. Bullish sentiment is gradually rising. If it can break through the previous resistance level of 2275, the price is expected to further test upwards. On the short-term hourly chart, the 4-hour level does not look optimistic; it has just recorded a long upper shadow, and after hitting 2258, it has come down, indicating heavy selling pressure at high positions.

Although the daily chart shows three consecutive bullish candles, upon closer inspection, the 4-hour DIF has already crossed below the DEA, generating a death cross. The MACD red bars are also shrinking, which suggests that momentum is not keeping up. Looking at the volume, the 4-hour trading volume is only 16,000, significantly below the recent average, indicating a lackluster market. The previous candle on April 8th reached 2176 with a volume of 210,000, indicating that someone was bottom fishing; however, the subsequent rebound has seen diminishing volume, with insufficient willingness to chase higher prices in the short term. Currently, the price remains above EMA7 (2213), while EMA30 at 2173 also provides stable support. The short-term bullish structure has not completely broken down, but the repeated attempts to break upwards have failed, so one should be cautious of price retracing to support. It is not recommended to blindly chase upward before breaking levels for short-term operations. Intraday movements maintain a fluctuating upward trend, so it is advised to mainly focus on buying on dips, with rebounds as a supplemental strategy. Key resistance levels are 2280 and 2310 above, with support at the 2160 level below. Follow Mr. Coin for real-time market analysis.

4.11 Short-term Reference for Ethereum:

Buy in the 2255-2305 range, defend at 2480, target below 2210.

Buy in the 2160-2100 range, stop loss of 50 points, target above 2200.

The sending of chapters has delays, and the strategy suggestions are for reference only. The market is ever-changing; no matter how confident you are in the market assessment, it is essential to have proper take profit and stop loss measures to secure gains.

For more real-time strategies daily, online technical learning, position liquidation, etc., you can follow the public account (Mr. Coin Discusses Cryptocurrency) to get addition methods: the first ten participants daily can receive free liquidation strategies.

For more daily real-time orders, you can follow the public account (Mr. Coin Discusses Cryptocurrency) to get it. You can learn online about market techniques, position liquidation, etc. I have been researching the market for many years, focusing on the major trends in the cryptocurrency space, and have studied extensively in the U.S., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with operations, welcome to study and learn together.

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