April 28 Bitcoin and Ethereum Analysis



Ethereum is currently stabilizing at a low level, forming a base, with a key support level on the daily chart. The bullish structure has not been broken, and there is a strong technical rebound demand. The fundamentals remain positive, with institutional funds flowing back in, ETF funds experiencing net inflows, and increased ecosystem activity providing strong support for an upward move.

After short-term consolidation and fluctuation, the bullish momentum is fully accumulating, with the KDJ indicator showing a golden cross at low levels, indicating a clear rebound signal. The key resistance above is 2500; a successful breakthrough will open up space for further upward movement. The strong support below is 2250; after stabilizing there, it presents a high-quality entry point for long positions.

Trading suggestion: Lightly go long in the Ethereum 2280-2300 range, with a stop loss at 2260, targeting around 2360, to seize the rebound and recovery from the low.
ETH-1.37%
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