Coin Wave Riding: 4.29 Ethereum (ETH) Market Analysis Reference:

The daily market for Ethereum has experienced a bouncing recovery, with short-term bullish sentiment warming up. Observing the daily candlestick chart, Ethereum's daily line is in a high-level oscillation and consolidation phase, currently running near the middle band of the Bollinger Bands, which are showing a contraction, leading to a decrease in short-term volatility. The EMA moving average system is overall in a bullish arrangement, with medium and short-term moving averages forming support beneath the price, while long-term moving averages are flattening out, indicating that the medium-term trend has not been destroyed. The MACD indicator's DIF line remains below the DEA line; although the histogram has shortened, a golden cross has not yet formed, suggesting that while bearish momentum is waning, bulls have not fully regained dominance; both RSI and KDJ indicators are oscillating in the neutral zone around 50, without obvious overbought or oversold signals, indicating cautious market sentiment with relatively balanced bullish and bearish forces, likely maintaining high-level oscillation in the short term.

The 4-hour cycle of Ethereum has shown a trend of halting the decline and bouncing back, with the price re-establishing itself above the middle band of the Bollinger Bands and multiple short-term EMA moving averages. The lower band of the Bollinger Bands has slightly lifted upwards, indicating a short-term trend shift from weak to strong. The MACD indicator has formed a golden cross below the zero axis, with the histogram continuously expanding, showing that short-term bullish momentum is being released; the RSI indicator is rising into a strong neutral area, and the KDJ indicator has also formed a golden cross and is diverging upwards, providing clear bullish signals. However, there is still significant resistance near previous high points above, and there has been no notable increase in trading volume during the bounce, making the sustainability subject to verification. It is expected that the price will test the upper resistance level through oscillation upward in the short term. If a breakout occurs with volume, it may open up new upside space; otherwise, it may revert to range oscillation. For short-term operation, it is recommended to set short positions after encountering resistance in the rebound at high levels, entering the market in batches based on resistance levels while ensuring risk control.

Coin Wave Riding: 4.29 Ethereum Short-term Reference:

Short Position: Short in the 2410-2370 range, stop loss at 30 points, target at 2350-2280,

Long Position: Long in the 2220-2260 range, stop loss at 30 points, target at 2280-2350,

【The above analysis and strategy are for reference only, risks are to be borne by the individual. The article's review and publication may have delays, and the strategies may lack timeliness, do not operate blindly】

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