$ETH 📊 April 24th ETH Latest Strategy & Analysis

ETH🌐:
Price has fallen from the high of 2343.97 under pressure, currently breaking below the middle band of the Bollinger Bands on the 15-minute chart, with the lowest touching around 2300.76, showing a short-term unidirectional bearish trend. The Bollinger Bands are widening continuously, with the price weakly moving along the lower band, and the middle band at 2324.59 and the MA7 at 2318.32 forming a stepped resistance;
MACD indicator DIF=-2.98, DEA=-0.17, MACD=-5.63, with the green bars expanding and operating below the zero line, indicating ongoing bearish momentum. Trading volume is shrinking in tandem, with selling pressure dominating the market.
📉 Bearish Logic:
The area between 2315-2325 above is a strong intraday resistance zone. The price rebounding in this area is under double suppression from the middle band of the Bollinger Bands and the previous breakdown platform, making it difficult for the rebound to change the bearish trend. If the price cannot hold above 2325, it is likely to continue downward, with the first target at 2295. If broken, it could test the 2285-2280 range, and in extreme cases, test the previous low support at 2275.
⚠️ Risk Warning:
If the price re-establishes above the MA7 at 2318.32 and MACD shows bullish divergence with volume increasing, the bearish trend could quickly reverse. Be alert for a rebound to the 2335-2345 range, and strictly set stop-losses to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bearish
• Short Entry Range: 2315-2325
• First Target: 2295
• Second Target: 2285
• Stop-Loss: 2335