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

Ethereum also failed to stabilize above 2300 yesterday, with a short-term pullback during the day, and most of the gains were erased. Currently, the pullback has exceeded a hundred points, and the market has returned to the previous range of fluctuations. On the 4-hour chart, there is a long lower shadow line near 2180, indicating short-term buying support at this level. Currently, the coin price is hovering around 2200. The daily chart has recorded 3 consecutive bearish candles, with the 2200 round number being tested repeatedly.

In terms of indicators, the 4-hour MACD has just formed a death cross and is diverging downward, while the daily red bars are also shortening, indicating that the trend is under pressure for a pullback. Currently, the coin price is fluctuating near the 5-day moving average, and both bulls and bears are in a stalemate. In the short-term outlook, after the pullback, it is likely to enter a consolidation phase. Therefore, unless there is a breakout, my thinking is simple: sell high and buy low. The upper resistance is first focused on 2278, and the lower support is aimed at 2160, followed by 2130. Follow Mr. Coin for real-time market analysis.

4.13 Short-term Reference for Ethereum:

Range 2245-2285 buy, with a stop loss at 2410, target below 2200,

Range 2130-2170 sell, with a stop loss at 2070, target above 2200,

The message may be delayed; the strategy suggestions are for reference only. The market changes rapidly, and no matter how confident you are in your market judgments, always set stop-loss and take-profit orders to secure your gains.

For more real-time strategies every day, online technical learning, and exit solutions, you can follow the public account (Mr. Coin Talks about Cryptocurrency) to learn how to add: the first ten daily can receive free exit strategy support.

For more real-time strategies every day, you can follow the public account (Mr. Coin Talks about Cryptocurrency) for online market technical learning and exit solutions. I have studied the market for many years, researching the major trends in cryptocurrencies, and I have studied abroad in the U.S., focusing on analysis and guidance for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Those who are not familiar with operations are welcome to study together.

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