4.16 Crypto Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

The intraday price of Ethereum has recently been fluctuating within a narrow range between 2310 and 2360. A K-line closed at 2348 in the early morning, which is a small bullish line with upper and lower shadows. Both bulls and bears have been quite fierce at this position today. On the daily level, April 15 closed with a long lower shadow hammer line, hitting a low of 2301.58, followed by a rebound for two consecutive days. This indicates that the integer level of 2300 indeed has strong buying support.

Indicate

In terms of indicators, the four-hour MACD's DIF has just crossed above the DEA, with the histogram turning positive, indicating a strengthening signal in the short cycle; however, the daily level MACD is currently at 48.21 and has shown signs of a top divergence, which requires caution. In terms of moving averages, the current price of 2348 is stable above EMA7 at 2332, and the short-term trend is still acceptable. However, the price is now quite far from EMA30 at 2280 and EMA120 at 2180, which means there could be pressure to revert to the moving average soon. Overall, there is clear support at 2300 below, but there is also significant risk in chasing highs above, and in the short term, it may likely remain biased towards strength, primarily in consolidation. It is advised to sell high and buy low; pay attention to a break above 2380, focusing on 2430, and support below at 2300 and then around 2270. Follow Mr. Coin for real-time market analysis.

4.16 Short-term Reference for Ethereum:

Range of 2385-2435, defend 2470, target below 2350,

Range of 2250-2300, defend 2170, target above 2340,

Message sending may have delays; the strategy suggestions are for reference only. Market conditions change rapidly; no matter how accurate you think your market judgment is, always manage your take-profit and stop-loss to secure your gains.

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