Crypto Sea Waves: April 29th, Ethereum Market Analysis and Latest Trends Reference, Information Interpretation

Crypto Sea Waves: April 29th, Ethereum (ETH() Market Analysis Reference:
Ethereum's intraday market shows a rebound and recovery, with short-term bulls warming up. From the daily candlestick chart, Ethereum is in a high-level oscillation and consolidation phase, currently trading near the middle band of the Bollinger Bands, which are contracting, indicating decreased short-term volatility. The EMA moving average system is generally in a bullish arrangement, with medium and short-term moving averages providing support below the price, and the long-term moving average flattening, showing that the medium-term trend has not been broken. The MACD indicator's DIF line remains below the DEA line, although the histogram has shortened, but a golden cross has not yet formed, indicating that the bearish momentum is waning, but the bulls have not fully regained control; RSI and KDJ indicators are both oscillating around the neutral zone near 50, with no obvious overbought or oversold signals, market sentiment is cautious, and the bulls and bears are relatively balanced, likely maintaining high-level oscillation in the short term.
Ethereum's 4-hour cycle has already shown a stop-down rebound trend, with the price re-approaching the middle band of the Bollinger Bands and multiple short-term EMA lines, which are slightly rising from the lower band, indicating a shift from weak to strong in the short-term trend. The MACD indicator has formed a golden cross below the zero line, with the histogram continuing to expand, showing that short-term bullish momentum is being released; RSI is moving upward into a neutral-strong zone, and the KDJ indicator has also formed a golden cross and diverges upward, signaling a clearer bullish trend. However, there is still significant resistance near the previous high point, and the rebound volume has not shown a clear increase, so its sustainability needs verification. It is expected that in the short term, the price will test resistance levels with oscillating upward movement. If volume breaks through, a new upward space may open; otherwise, it could return to range-bound oscillation. Short-term trading advice: after encountering resistance during the rebound, consider short positions at high levels, entering gradually at resistance levels, and managing risk properly.
Crypto Sea Waves: April 29th, Short-term Ethereum Reference:
Short position: 2410-2370 range, stop loss 30 points, target 2350-2280,
Long position: 2220-2260 range, stop loss 30 points, target 2280-2350,
The article's delivery has some delay, and the information is time-sensitive. These are personal opinions for reference only. Do not operate blindly! I hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and maintain rationality and composure. ))#伊朗提出霍尔木兹海峡重开协议条件