Coin Sea Wave: 4.20 Cryptocurrency Market Ethereum ( ETH ) Latest Market Analysis and Insights for Tonight, Reference Only

Coin Sea Wave: 4.20 Ethereum (ETH ) Market Analysis Reference:
Ethereum daily chart is currently in a high-level consolidation phase after the previous rally, with the price operating above the middle band of the Bollinger Bands. Although it has pulled back from the highs, it still remains within the upward channel supported by the EMA30 moving average. The moving average system maintains a bullish alignment, and the medium- to long-term trend has not turned negative;
The MACD indicator continues to shrink in size, with bullish momentum clearly weakening. The DIF line is still above the DEA line, but the gap is narrowing;
The RSI indicator hovers between 50-60, indicating a balance between bulls and bears;
The KDJ indicator's J line is retreating, showing a short-term correction or recovery need.
The strong resistance above is near the upper Bollinger Band at 453, while the key support below is at MEA20 and EMA30. If these supports hold, the price is likely to maintain high-level consolidation;
If the support is effectively broken, a new deep correction may begin.
Ethereum on the 4-hour chart has entered a correction cycle, with the price hovering around EMA7, breaking below short-term moving averages EMA15 and EMA20, with the Bollinger Bands opening and converging, and volatility narrowing.
The MACD DIF line has crossed below the DEA line, forming a death cross and continuing to release bearish momentum;
The RSI indicator has turned upward from a low, reaching a neutral zone, while the KDJ indicator's low point is turning upward, indicating a short-term slight rebound or correction space.
Resistance above is concentrated around the resonance zone of the middle Bollinger Band at 2347 and short-term EMA averages; support below is near the lower Bollinger Band at 2252.
Short-term trading should adopt a range-bound approach, paying close attention to key support and resistance breakouts.
Coin Sea Wave: 4.20 Ethereum Short-term Reference:
Short position: short in the 2380-2350 range, stop loss 30 points, target 2300-2250,
Long position: long in the 2220-2260 range, stop loss 30 points, target 2300-2350,
This content is originally shared by 【Coin Sea Wave】, representing personal opinions only. There may be delays in article delivery, for reference only. Do not operate blindly!
Hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and maintain rationality and calmness. #RAVE闪崩超90% #加密市场小幅下跌 $ETH