Coin Sea Riding Waves: April 21 Ethereum (ETH) Market Analysis Reference:

Ethereum's intraday market continues to fluctuate within a range. Observing the daily candlestick chart, Ethereum is still in an upward trend on the daily level. The current price is supported by the middle band of the Bollinger Bands and is fluctuating around 2325. The Bollinger Bands are still expanding, with the upper band at 2462 forming strong resistance. The EMA moving average system is in a bullish arrangement, and the short-term moving averages are still providing support below the price, but the long-term EMA 120 is above the price, forming downward pressure. In terms of momentum, the MACD histogram is continuously shortening, and although the DIF and DEA are still above the zero line, they have started to turn downward, indicating that the upward momentum is gradually diminishing; the RSI and KDJ indicators have both retreated from high levels to the neutral zone, showing that the bullish strength is temporarily consolidating, and there is a short-term need to retest support. If it cannot quickly recover the previous high, it is very likely to maintain high-level fluctuations.

From the perspective of a short-term hourly chart, the 4-hour level is in a stabilization phase after a pullback, with the price consolidating in a narrow range near the middle band of the Bollinger Bands. The upper and lower bands of the Bollinger Bands are narrowing, compressing the fluctuation range to 2264-2382. The EMA moving average system has turned flat from its decline. Although the current price is above the short-term moving averages, it has not stabilized. The MACD has turned positive from negative, and the DIF and DEA show signs of forming a golden cross below the zero line. Bearish momentum has almost been completely released, and short-term bulls are beginning to attempt a counterattack. The RSI and KDJ indicators are turning upward from low levels, and the KDJ's J line has entered the edge of the overbought region, indicating that short-term rebound momentum is accumulating. The primary resistance above is near 2380, and if it breaks through, it is expected to return to the daily upward channel; otherwise, it may again test the stage low of 2250. In terms of operations, it is recommended to sell high and buy low based on support and resistance levels, strictly implement take-profit and stop-loss strategies, and refrain from chasing trends blindly.

Coin Sea Riding Waves: April 21 Short-Term Reference for Ethereum:

Short Position: Sell in the 2400-2370 range, stop loss of 30 points, target at 2350-2300,

Long Position: Buy in the 2260-2090 range, stop loss of 30 points, target at 2310-2370,

【The above analysis and strategies are for reference only. Please bear the risks yourself. The release of the article may have delays, and strategies may not be timely. Do not operate blindly】

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