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📣Detailed Analysis of Ethereum Trends on 4/21 and Steady Operation Recommendations:
The 4-hour cycle is in a rebound correction phase after a decline, with the price bouncing from a low of 2058.01, currently oscillating around 2300, with clear resistance in the 2350-2400 range.
Interpretation of 4-hour Ethereum technical indicators:
BOLL Bollinger Bands (20,2)
Middle band: 2327.76, upper band: 2396.41, lower band: 2259.11, the current price is slightly above the middle band, oscillating between the middle and lower bands of the Bollinger Bands. The upper band is a short-term strong resistance level, and the lower band is a support level.
MACD (12,26,9)
DIF: 7.96, DEA: -6.29, MACD histogram: 3.34 (red bars), DIF has crossed above DEA, MACD has shifted from green to red, indicating initial bullish momentum is being released, but the red bars are short, and upward momentum is not particularly strong, indicating a weak correction phase.
KDJ (9,3,3)
K: 61.91, D: 55.01, J: 75.70, all three KDJ lines have turned upward from low levels, with J approaching the high zone of 80, showing signs of overbought in the short term. If the price continues to surge, a pullback may be needed.
Support/Resistance:
Short-term support: around the lower Bollinger Band at 2259, and recent low at 2262
Short-term resistance: middle Bollinger Band at 2327, upper band at 2396, previous high at 2463
Ethereum Trading Strategy Recommendations:
Short position idea: Suggest entering short positions around 2320-2330, with target levels at 2290-2260, and manage profit zones at your discretion. Stop-loss at 2360!
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