4.17 Cryptocurrency Market Analysis Reference: Ethereum (ETH)

Today’s ETH pullback has many people calling "it's peaked, it's going to crash", but Mr. Coin will break it down for you with multi-period analysis! First, looking at the daily level, this wave has pulled up from over 1900 and the trend is not broken at all! The price is steadily above the middle band of the Bollinger Bands, and the MACD histogram is still red, indicating the bullish trend is still intact. The current pullback is just high-level consolidation and not a reversal signal at all! However! At the 4-hour level, the MACD has already crossed bearish, green bars are emerging, and the upper Bollinger Band is starting to turn, indicating that the momentum of the upward wave has clearly weakened. It is highly likely we will undergo a period of weak correction with sideways movement, as the bullish momentum temporarily cools and the bearish side has gained the upper hand in the short term!

Looking at the short term, the 1-hour and 2-hour charts show that the KDJ has dropped into the oversold area, and the green bars on the MACD are continuing to shorten, indicating that the momentum of this downward trend has been mostly released. There is a demand for a short-term rebound! Especially at the 15-minute level, the price has rebounded from the lower Bollinger Band, the MACD is about to cross bullish, and the KDJ has reached a high level, indicating that there is a short-term rebound, but there is strong resistance above at 2340-2360, so the rebound space is limited, and it is highly likely to be “a bounce and then a return”!

To summarize for everyone: the medium-term trend is not broken, there's no need to panic unnecessarily, the wave is entering adjustment, so don’t blindly chase long positions. There is a short-term rebound, but it's not a reversal. There is heavy resistance above, so avoid heavy positions! Key support is at 2300 and 2280; if it holds, it will be a healthy adjustment. If it doesn’t hold, we'll look at the lower level of 2200! In this stage of multi-period divergence, the biggest taboo is chasing high and cutting losses; control your position, set your stop-loss properly, and don’t let market emotions lead you astray! Follow Mr. Coin for real-time market analysis.

4.17 Short-term Reference for Ethereum:

Between 2375-2425, defensive level at 2470, target below 23350,

Between 2250-2300, defensive level at 2170, target above 2340,

Dissemination has delays, strategy suggestions are for reference only, the market changes rapidly. Regardless of how accurately you judge the market trend, always manage your profit and stop-loss carefully to secure your gains.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks Cryptocurrency) to gain access to online technical learning, solutions for exiting positions, etc. I have researched the market for many years, focusing on the major trends in the cryptocurrency space and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not skilled in trading, I welcome you to study and learn together.

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