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

After two days of adjustment, Ethereum's price broke the key resistance of 2270, continuing to rebound upwards, currently around the price of 2310. Recently, Ethereum's trend has been somewhat volatile, maintaining a short-term upward movement. In the 4-hour timeframe, there have been consecutive bullish candles breaking the 2300 round level, with a peak of 2329 followed by a slight pullback, forming a short-term top structure.

The daily chart shows a V-shaped reversal pattern, strongly rebounding from the low of 2157 to 2329, currently testing the previous high pressure zone of 2350-2380. MACD: In the 4-hour timeframe, the DIF (31.34) crosses above the DEA (27.11), and the histogram continues to widen; on the daily level, after the golden cross, the fast and slow lines are opening up. EMA: The price firmly holds above EMA7 (2256)/EMA30 (2201)/EMA120 (2131) in a bullish arrangement. The volume significantly increased during the breakout in the 4-hour timeframe, while it clearly decreased during the pullback. The daily volume has been increasing stepwise over the last three days, so for all cryptocurrency friends, it is not advisable to blindly chase highs and lows without breaking key positions. Therefore, our short-term strategy is to buy on the pullback. Focus on support near 2250 and 2220, pullbacks may provide opportunities for long entries. For main resistance, pay attention to the previous high around 2380, and follow Mr. Coin for real-time market analysis.

4.12 Short-term Reference for Ethereum:

Range 2335-2385 for hesitation, defend at 2410, target below 2280.

Range 2230-2170 for confusion, defend at 2140, target above 2250.

Notifications may be delayed, strategy suggestions are for reference only. The market changes rapidly, regardless of how confident you are in market judgments, it's essential to manage profit-taking and stop-loss effectively for safety.

For daily real-time trading strategies, online technical learning, and exiting positions, you can follow the mentor's public account (Mr. Coin Talks About Currency) for ways to add: The first ten people each day can receive free profit-exiting strategies.

For daily more real-time trading, you can follow the public account (Mr. Coin Talks About Currency) to access it. You can also learn technical trading online, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency sector, and have undergone advanced study in the United States focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who are not familiar with trading, I welcome you to study and learn together.

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