April 16th Latest Strategy & Analysis

ETH🌐:
Price rebounded from a low of 2282.70 to around 2360 before entering a correction, currently trading sideways around 2330.59 on the 15-minute chart. The Bollinger Bands are generally converging, with the price falling below the middle band at 2339.04 and showing weakness. The lower band at 2324.79 provides short-term support, while the upper band at 2353.29 acts as short-term resistance; MACD indicators DIF = -2.88, DEA = -1.29, with the green bars continuing to expand, indicating increasing bearish momentum. Trading volume remains moderate, and in the short term, the market shows a pattern of retreat from high levels with intensified bullish and bearish battles, with the bears gaining strength.
📉 Bearish Logic:
The area between 2339 and 2353 is a strong intraday resistance zone. When the price rebounds to this area, it is likely to face double resistance from the Bollinger Bands' middle line at 2339.04 and upper band at 2353.29, making sustained rebounds difficult. If the price drops below the lower support at 2324.79 with increased volume, the downtrend is likely to continue. The first support below is at 2310; if broken, the price could test the 2300-2290 range, with extreme cases testing the previous low at 2282.70.
⚠️ Risk Warning:
If the price fails to break below the lower support at 2324.79 and MACD forms a golden cross with volume gradually increasing, the bearish trend could quickly reverse. Be alert for a rebound into the 2340-2350 range, and strictly set stop-losses to avoid trend reversal risks.
🎯 Main Strategy: Bearish
• Short entry zone: 2340-2350
• First target: 2310
• Second target: 2290
• Stop-loss level: 2355