$ETH Crypto Circle Academician: On April 29, Ethereum's daily bottom reversal has formed, and this pullback is our opportunity! Latest market analysis and trading suggestions

Ethereum is currently priced at 2293. The current oscillating market for Ethereum is essentially a correction after a downtrend and a key point in the north-south tug-of-war. Many people don’t understand the arrangement of moving averages and MACD signals and only guess the direction blindly. Today, using daily and four-hour real trading data, we will dissect the current trend, momentum, and key levels, helping you understand the essence of ETH’s oscillation. Whether for short-term swings or medium- to long-term positioning, you can find clear trading logic and avoid blindly following the crowd.

Since the daily K-line bottomed out and rebounded from the low point of 1736, it has formed an oscillating upward channel centered around EMA30. The current price of 2293 is above the short- and medium-term moving average system, with EMA15, EMA30, and EMA60 arranged in an upward sequence, effectively reversing the medium-term downtrend. In the MACD indicator, DIF and DEA have a death cross above the zero line, with green bars continuously narrowing, indicating decreasing downward momentum, while upward momentum is slowly accumulating. The Bollinger Bands are narrowing, and the price is operating below the middle band, showing insufficient short-term upward energy. The oscillation phase of accumulation has not ended, with key breakout or breakdown levels at 2427 above and 2199 below.

The four-hour K-line has formed a clear oscillation box within the 2250-2463 range. The moving average system shows an upward arrangement, with EMA30 and EMA60 continuing to rise, providing strong support for the price. The MACD indicator shows a death cross, with DIF crossing below DEA, and green bars slightly expanding, indicating short-term correction momentum release. The price has retraced near EMA15 but has not broken below the key support level. The Bollinger Bands’ middle band around 2315 is forming short-term resistance, with support at about 2250. The current pullback is a technical correction during an upward process, with no trend reversal signals, maintaining the integrity of the oscillating upward structure.

Short-term reference: (Practical data has been updated, for details consult the author)

Support from 2270 to 2230, stop-loss at 2200, target 2330 to 2400

Resistance from 2345 to 2370, stop-loss at 2400, target 2290 to 2260

The current ETH market is a typical trend correction period, with no clear one-sided direction. The bulls and bears are pulling within key zones. This kind of market is most prone to situations where the direction is correct but the levels are wrong. Hope that when the market moves, you are still ‌#加密市场小幅下跌