4.17 Crypto Circle Coin Mr.: Ethereum (ETH) Market Analysis Reference)

Regarding today’s ETH pullback, many people have started shouting “it’s the top, it’s going to collapse.” Coin Mr. will directly break down the multi-timeframe setup for you and make it clear! First, look at the daily timeframe: this move rose from above 1900, and the trend is not broken at all! The price is holding steadily above the middle band of Bollinger Bands, the MACD red histogram is still there, and the bullish trend remains intact. This pullback is simply high-level consolidation and a shakeout—it's not a reversal signal! But! On the 4-hour timeframe, the MACD has already formed a death cross, the green histogram is starting to appear, and the upper Bollinger Band has begun to turn—this indicates that the momentum behind the wave upward has clearly weakened. Next, it’s likely to enter a period of sideways, relatively weak correction. The bulls are temporarily out of steam, and the bears have taken the upper hand in the short term!
Now, looking at the short term: on the 1-hour and 2-hour charts, the KDJ has already fallen into the oversold zone, and the MACD green histogram continues to shrink—showing that the downward momentum from this drop has been released for the most part. That suggests there is a need for a short-term rebound and technical correction! Especially on the 15-minute timeframe: the price has rebounded from the lower Bollinger Band, the MACD is about to form a golden cross, and the KDJ has also surged to high levels. This indicates that an ultra-short-term rebound is possible, but the overhead resistance at 2340-2360 is very heavy, so the rebound upside is limited. Most likely, it will be “a bounce and then a pullback”!
Let me summarize it for everyone: the medium-term trend is not broken—don’t panic blindly. The swing has entered a correction phase. Don’t chase long positions blindly. There may be a short-term rebound, but it is not a reversal. Overhead resistance is substantial—don’t go heavy with your position! Key support levels are 2300 and 2280. If those hold, it’s a healthy correction. If they don’t, then we’ll look further down to 2200! In this stage of multi-timeframe divergence, the biggest taboo is chasing after pumps and selling into dumps. Control your position size, set proper stop losses, and don’t let market sentiment drag you along! Follow Coin Mr.—I’ll help you analyze the market in real time.

4.17 Ethereum short-term reference: the 2375-2425 range is the area to watch; defend at 2470; target below 23350. The 2250-2300 range is the area to watch; defend at 2170; target above 2340. The message may have delayed delivery; the strategy suggestions are for reference only. Market conditions change in an instant. No matter how confident you are about your judgment, make sure to set take-profit and stop-loss properly. Lock in gains and don’t get greedy. #GatePreIPOs首发SpaceX #Gate13周年现场直击 #山寨币强势反弹 $BTC $GT $ETH