Sea of Coins Waves: 4.28 Cryptocurrency Market Ethereum ( ETH ) Latest Market Analysis and Insights for Today

Sea of Coins Waves: 4.28 Ethereum (ETH ) Market Analysis Reference:
Ethereum surged yesterday to test the upper resistance, but subsequent bullish momentum was lacking, and the price quickly fell back and broke below the recent starting point of the rally. As of the time of writing, the price is fluctuating narrowly around 2280.
From the daily chart perspective, Ethereum's current price is below the middle band of the Bollinger Bands, the short-term upward trend line has been broken, forming a pullback and consolidation structure.
In terms of technical indicators, the MACD DIF and DEA lines have formed a death cross, indicating increasing bearish momentum, with volume expanding. The RSI has fallen to around 42, and the KDJ lines are diverging downward, indicating a short-term weak correction.
In the moving average system, the short-term EMA has turned downward, and the price has broken below the 7-day and 15-day EMAs, with only a slight support near EMA30 (2262). The upward momentum on the daily chart has slowed, entering a consolidation and correction phase, with the 2200 level as an important support zone.
From the short-term hourly chart extending to the 4-hour level, after breaking below the lower Bollinger Band, the price rebounded slightly but is currently being suppressed by the middle band of the Bollinger Bands.
The moving average system shows a bearish arrangement, with the price continuously trading below the 7, 15, and 30 EMAs, indicating a clear short-term weakness.
Technically, the MACD remains weak below the zero line with increasing volume, suggesting bearish momentum has not been fully released. RSI has fallen to around 36, and the three lines of KDJ are in the oversold zone but have not formed a clear golden cross, indicating insufficient short-term rebound strength.
The 2300-2320 zone above is a dense resistance area; if it cannot be effectively broken through, the price is likely to continue weak oscillation. If the support at 2260 is broken, the correction space could further open toward 2200.
In terms of trading strategy, prioritize short positions with high confidence; only consider long positions after key supports stabilize.
Sea of Coins Waves: 4.28 Ethereum Short-term Reference:
Short position: short between 2350-2320, stop loss 30 points, target 2300-2230,
Long position: long between 2200-2230, stop loss 30 points, target 2250-2320,
This content is originally shared by 【Sea of Coins Waves】, representing personal views only. There may be delays in publishing, and it is for reference only. Do not operate blindly!
Hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and stay rational and calm. #加密市场小幅下跌 #以太坊基金会解质押约4890万美元ETH $ETH