📣April 17 Ethereum Trend Detailed Analysis and Steady Operation Recommendations:

The 4-hour candlestick chart shows the latest candlestick as a bullish candle with a long upper shadow, closing higher than the opening price but failing to hold steady at high levels, indicating selling pressure above. The previous candlesticks show intense battle between bulls and bears, especially after a volume-increasing bullish candle appeared at 00:00 on April 17, with the market entering a consolidation phase.

The daily chart indicates recent significant price fluctuations, with volume-increasing rises on April 13 and April 15, followed by volume-increasing declines on April 14 and April 16. The latest daily candlestick is a bullish candle with a long upper shadow, with decreasing volume, showing weakening upward momentum.

From the four-hour Ethereum technical indicators:

MACD: The 4-hour MACD indicator's DIF line has crossed below the DEA line, and both DIF and DEA are operating below the zero line. The MACD histogram is negative and continues to expand, indicating the short-term market is in a bearish trend or correction phase, with weak momentum.

RSI: The 4-hour RSI value is 57.94, in the neutral zone, showing no overbought or oversold signals. Previously, RSI entered the overbought zone and then corrected, consistent with a pullback expectation.

EMA: The 4-hour price is above EMA7, EMA30, and EMA120, with EMA7 (2343.23) above EMA30 (2313.21), and EMA30 above EMA120 (2207.29). All moving averages are in a bullish arrangement, indicating the medium- to long-term trend remains upward. EMA7 and EMA30 may provide dynamic support.

Volume:

The latest 4-hour candlestick volume is moderate, lower than the previous high-volume candles, failing to effectively support a breakout above the previous high.

The latest daily volume has significantly shrunk compared to previous trading days. Coupled with the candlestick with a long upper shadow, it indicates current upward movement lacks volume support, and market sentiment is cautious.

Ethereum Operation Suggestions:

Bearish approach: Consider short positions around 2360-2370, target levels: 2340-2310, profit space to be controlled by oneself, stop loss at 2410!

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