$ETH 📊$April 20 ETH Latest Strategy & Analysis

ETH🌐:
Price rebounded from a low of 2250.91 to around 2358.57 before entering a correction, currently at the 15-minute level with price oscillating around 2276.12. The Bollinger Bands are generally converging, with the price testing the middle band at approximately 2273.63, the lower band at 2258.40 forming short-term support, and the upper band at 2288.86 acting as short-term resistance; MACD indicator DIF = -2.65, DEA = -4.03, with the red histogram gradually increasing, indicating initial bullish momentum release, but still below the zero line. Volume remains moderate, and in the short term, the pattern shows a rebound from lows with intensified battle between bulls and bears, with rebound momentum still under pressure.
📉 Bearish Logic:
The area between 2275-2290 is a strong intraday resistance zone. When the price rebounds to this area, it is easily suppressed by the upper Bollinger Band at 2288.86 and the MA30 at 2276.89, making sustained rebound difficult. If the price increases volume and breaks below the lower support at 2258.40, the downtrend is likely to continue. The next support level is at 2240; if broken, the price could test the 2220-2200 range, with extreme conditions testing the previous low support at 2180.
⚠️ Risk Reminder:
If the price fails to break below the lower support at 2258.40, and MACD forms a golden cross with volume gradually increasing, the bearish trend could quickly reverse. Caution is advised for rebounds to the 2280-2300 range, and strict stop-loss measures should be set to avoid trend reversal risks.
🎯 Main Strategy: Bearish bias
• Entry zone: 2290-2300
• First target: 2250
• Second target: 2210
• Stop-loss level: 2320