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

The current price of Ethereum is around 2320. First, let's look at the big trend on the daily chart! The price is still in an upward channel, and the middle line of the Bollinger Bands has not been broken, but note that the KDJ has already formed a death cross in the high position. The candlestick has also dropped from the high of 2463, clearly indicating heavy selling pressure at high levels. The bullish momentum has begun to weaken; we are currently in a correction phase and not yet at the point of a direct bear trend, but absolutely do not be overly bullish!

Looking at the 4-hour chart, the mid-term has weakened! The price has directly broken below the middle line of the Bollinger Bands, and the MACD has formed a death cross with the green bars increasing; the bears are currently dominant! However, the good news is that the RSI has dropped to the edge of oversold, and the KDJ is also resting at a low position. There will definitely be a technical rebound in the short term, but do not celebrate too early, this is likely a correction within a downward trend, not a reversal! To regain strength, it must stand above 2400; if it doesn't break above, any rebound is just an opportunity to short!

Looking at the 1-hour chart, the short-term bears are going crazy! The price has broken below the lower line of the Bollinger Bands, the MACD is still showing green bars, but they have started to decrease. The KDJ has also turned from a low position, and the oversold signal has emerged. In the next 1-2 days, there is a high probability of a weak rebound, but the resistance at 2360-2400 is a hurdle; it is difficult to go up but easy to go down! The short-term trend remains oscillating and slightly bearish, with resistance on the rebound at 2400, and support at 2250-2200. If it holds, the daily bullish trend still has a chance; if it breaks below, the following will be a downward mode! It is recommended to focus on shorting during the rebound. Pay attention to Mr. Coin for real-time market analysis.

4.19 Ethereum Short-term Reference:

Range 2385-2335 for longing, with a stop loss at 2470, target below 2300,

Range 2250-2200 for shorting, with a stop loss at 2150, target above 2300,

Message delivery may have delays, strategy suggestions are for reference only; the market changes rapidly. No matter how high your confidence in the market judgment is, always set your take profit and stop loss properly, securing your profits.

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

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