$ETH 📊 April 29 ETH Latest Strategy & Analysis

ETH🌐:
After rebounding from around 2256.03, the current 15-minute price has returned above the middle band of the Bollinger Bands, with short-term bullish momentum dominating. The Bollinger Bands are expanding, and the price is supported by the middle band to steadily rise. The middle band at 2287.19 and the upper band at 2292.44 form step-like support and resistance; MACD indicators DIF=0.03, DEA=0.07, MACD=-0.09, with green bars continuously shrinking and approaching the zero line, indicating that bearish momentum is gradually weakening. Trading volume has mildly increased during the rebound, with buying pressure leading the short-term market.
📈 Bullish Logic:
The support zone below 2285-2287 is a strong intraday support area. The price retraced to this zone supported by the middle band of the Bollinger Bands and previous consolidation levels, making it difficult for the correction to change the strong upward trend. If the price can effectively stay above the upper band of 2292.44, the upward trend is likely to continue. The first target is 2300, and after breaking through, it can extend to the 2305-2310 range. In extreme cases, it may test the previous high resistance at 2315.
⚠️ Risk Warning:
If the price falls back below the lower Bollinger Band support at 2281.93, and MACD shows a bearish divergence with volume continuously shrinking, the bullish trend could quickly reverse. Caution is advised for a potential pullback to the 2275-2265 range, and strict stop-loss measures should be set to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
• Entry Range: 2275-2280
• First Target: 2300
• Second Target: 2310
• Stop-Loss: 2270