Crypto Circle Academician: April 22 Ethereum Latest Market Analysis and Trading Recommendations

Ethereum’s current price is 2304. As for Ethereum’s current situation, in plain terms, it’s just stuck in the middle and grinding patiently. It moves up without volume, drops and then finds support. If you chase pumps or cut dumps, you’ll get slapped from both sides. Don’t listen to what others are shouting about—“a big move is coming.” Right now it’s a consolidation and energy-building phase. Until the market breaks a key level, don’t go all-in (don’t “hit buy and all in”), and don’t stubbornly hold bad positions. Especially for those fellow traders who followed me and kept retracing and bouncing back from 1800 back and forth—be ready to take profit on retracements.

The daily K-line maintains above EMA15 and EMA30. The moving averages are still in a bullish arrangement and have not been broken, which indicates that the medium-term trend is still leaning bullish. However, the MACD red histogram continues to shrink, and bullish momentum is clearly weakening. The Bollinger Bands are continuously tightening, and the price repeatedly probes around the middle band. The range is between 2200-2400. From the rebound at the low of 1736, the market is now in a high-level consolidation phase. There has been no breakout above the previous high with volume, and there has been no breakdown of key support. In the short term, the market is entering a phase of directional selection.

The four-hour K-line is chopping around 2300, with EMA15 and EMA30 flattening out, indicating a balance of power between bulls and bears. The MACD green histogram slightly expands, and a short-term pullback signal appears. Resistance forms around the middle Bollinger Band at about 2310, while support is near the lower band at about 2270. The earlier rally from 1936 to 2463 saw volume gradually fade. Selling pressure at high levels is obvious. The current consolidation is rest after an upward move. With no new incremental funds coming in, it’s difficult for the bulls to directly push through the previous high,

Short-term reference: (Practical data has been updated—see the author for details)

Going north from 2270 to 2300: stop-loss 2245, targets 2350 to 2400

Going south from 2390 to 2410: stop-loss 2465, targets 2320 to 2285

In a ranging market, don’t chase trades; try with a light position, take profit in batches, and don’t go all-in.

Specific trading should mainly follow real-time data in the order book. For more information and details, you can consult the author. The article is published with a delay; the above is for reference only—risk is self-assumed$ETH ‌#比特币反弹