#ETH $ETH 📊 April 22 ETH Latest Strategy & Analysis

ETH🌐:
The price started a strong rally from the low of 2280.82, currently the 15-minute chart shows the price above the upper band of the Bollinger Bands, reaching a high of around 2379.19, indicating a short-term bullish trend. The Bollinger Bands are widening continuously, with the price moving strongly along the upper band, supported by the middle band at 2331.99 and the MA7 at 2354.56 forming a stepwise support; MACD indicators DIF=13.77, DEA=8.56, MACD=10.43, with the red bars expanding and staying above the zero line, showing strong bullish momentum. Trading volume is also increasing, dominated by buying pressure.
📈 Bullish Logic:
The support zone at 2350-2360 is a strong intraday support area. The price retraced to this zone is supported by the middle Bollinger Band and the previous breakout platform, making a correction unlikely to change the bullish trend. If the price stabilizes above 2370, it is likely to continue upward, with the first target at 2400, and upon breaking through, it could reach the 2430-2450 range. In extreme cases, it may test the previous high resistance at 2480.
⚠️ Risk Warning:
If the price fails to hold above the MA7 at 2354.56 and MACD shows divergence or decreasing volume, the bullish trend may quickly reverse, and traders should be alert for a pullback to the 2330-2310 range. Strict stop-loss measures are necessary to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
• Entry Range: 2355-2360
• First Target: 2385
• Second Target: 2400
• Stop-Loss: 2340