Academician of the Cryptocurrency Community: On April 16, Ethereum's four-hour bullish arrangement is intact; is the pullback a good opportunity to buy low? Latest market analysis and trading advice

The current price of Ethereum is 2350. To be honest, Ethereum's recent performance is more stable than Bitcoin's. Don't stubbornly hold high-position short orders. The trend has just turned upward; don’t go against the market. Lighten your position, set your stop-loss well, and don’t always think about putting all your money in to ride the entire market; it’s also good to take some profit and run. The market doesn't lack opportunities; it lacks people who are alive to wait for opportunities. Don't let one impulsive move wipe out all your previous profits.

The daily chart is currently in the rebound recovery phase. The EMA15 and EMA30 moving averages have formed a golden crossover upwards, and the price is stabilizing above the short-term moving averages, indicating a shift from weak to strong trend. The MACD red bars continue to expand, and both DIF and DEA are running above the zero axis, showing that bullish momentum is gradually being released. The middle line of the Bollinger Bands has turned upward, and after the price pulled back to the middle line, it rapidly surged, indicating strong support below, with a high probability of continuing the oscillating upward trend in the short term.

The four-hour ETH has formed a standard ascending channel, with the price steadily rising based on the EMA15 moving average, and each pullback to the moving average can quickly recover, showing a very healthy bullish rhythm. Although the MACD red bars have contracted, they are still above the zero axis, and there are no obvious bearish signals. The upper track of the Bollinger Bands has been tested multiple times, and the current price is near the upper track, indicating a short-term need for a slight pullback and consolidation, but the overall upward trend has not been broken; pullbacks present buying opportunities.

Short-term reference: (Actual trading data has been updated; please consult the author for details)

Buy from 2290 to 2310, with a stop-loss at 2250, and targets looking at 2365 to 2400, breakthrough at 2440

Sell from 2400 to 2420, with a stop-loss at 2460, and targets looking at 2350 to 2300, breakthrough at 2280

Specific operations should follow real-time market data. For more information, please consult the author. There may be delays in article release; suggestions are for reference only, and risks are to be borne by the individual.

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