$ETH 📊 April 22 ETH Latest Strategy & Analysis

ETH🌐:
Price surged strongly from the low of 2280.82. Currently, on the 15-minute timeframe, the price has risen above the upper band of the Bollinger Bands. It reached as high as around 2379.19, showing a one-way bullish trend in the short term. The Bollinger Bands continue to widen; the price is moving strongly upward along the upper band. The middle band at 2331.99 and the MA7 at 2354.56 form a step-like support. MACD indicators are DIF=13.77, DEA=8.56, MACD=10.43. The red histogram continues to expand and is operating above the zero line. Bullish momentum is being released strongly; trading volume is also expanding in sync, and buying pressure dominates the market.
📈 Bullish Logic:
The 2350-2360 area below is a strong intraday support zone. When the price pulls back into this area, it receives dual support from the Bollinger middle band and the prior breakout platform, so the pullback is unlikely to change the bullish trend. If the price holds steady above 2370, it will likely continue moving upward. The first look is at the 2400 target; after breaking through, it may extend to the 2430-2450 range. In extreme conditions, it could test the 2480 prior swing high resistance.
⚠️ Risk Warning:
If the price fails to hold the MA7 at 2354.56, and MACD shows a top-divergence pattern with trading volume contracting, the bullish trend may quickly retrace. Stay alert for a pullback to the 2330-2310 range, and strictly set stop-losses to avoid the risk of a trend reversal.
🎯 Main Strategy: Slightly Bullish
• Long entry range: 2355-2360
• First target: 2385
• Second target: 2400
• Stop-loss: 2340