Crypto Circle Academician: Is Ethereum’s correlation with BTC weakening on 4.20? How to operate in the current market! Latest market analysis and trading suggestions

　　
Ethereum’s current price is 2295. The current market is like boiling a frog in warm water—neither bulls nor bears have a clear direction. Going in with a heavy position can easily lead to being chopped up back and forth. Don’t chase longs just because it’s going up, and don’t chase shorts just because it’s falling. In a range-bound market, chasing trades 80% or 90% of the time will get swept. Why not try it with a small position? Move fast in and out to earn some pocket money. Once the daily trend becomes clear, then increase the position size. Preserving your capital is the king.
　　
The daily K-line is in a high-level consolidation phase after a rebound. Price is under pressure below the EMA120 moving average at 2428. The short-term moving average group is still showing a northbound (upward) arrangement. Below, EMA30 at 2214 and the Bollinger Band middle rail at 2221 form dual support. The MACD red histogram keeps shrinking. Even though the DIF line is still above the DEA, there are clear signs of turning downward. Upward momentum is gradually weakening. On the daily timeframe, the chart has entered a correction cycle after an upmove. Overall, the uptrend hasn’t broken down yet, but the risk of a pullback is accumulating.
　　
The four-hour K-line began a pullback from the 2463 high. The current price has broken below the EMA15 and EMA30 moving averages. After the MACD death cross, the green histogram continues to expand, and the short-term southbound trend is obvious. Near the lower Bollinger Band at around 2280 and the EMA60 at 2299, support is reinforced by a resonance effect. This is the short-term line in the sand dividing bulls and bears. If it stabilizes and rebounds, it will most likely test the resistance again at 2380-2400. If it breaks below 2280, support will shift down to the 2238 area on the EMA120, and even retest the 2200 round-number level.
　　
Short-term reference: (Practical trading data has been updated—see the writer, for more details)
　　
Buy up from 2280 to 2300, stop loss at 2250, targets 2340 to 2370
　　
Sell down from 2350 to 2370, stop loss at 2390, targets 2300 to 2280
　　
Let me tell you from the heart: right now, the market has no clear direction—watch more and move less. Don’t always think about bottom-fishing or topping-hunting; in a range-bound market, the highs and lows are much harder to catch than you imagine. For short-term trading, operate within the range—move fast in and out, don’t be greedy for too much. For swing trading, hold the key support areas. As long as they don’t break, hold on; if they do break, don’t stubbornly hold. In the crypto world, staying alive matters much more than making quick money. $ETH ‌#山寨币强势反弹