Crypto Circle Academician: On April 30th, Ethereum fluctuated and weakened, EMA60 moving average was broken! MACD bearish momentum is releasing, a rebound is an opportunity to short! Latest market analysis and trading suggestions

Ethereum's current price is 2230, has this wave of correction washed out some people again? The 2225 level, neither high nor low, is a battleground between bulls and bears. Many crypto friends ask me if they can buy the dip or if it will continue to fall. Today, I will explain it clearly with two charts! I’ve marked the key signals on the daily and 4-hour charts, including upcoming entry points for longs and shorts, stop-loss and take-profit levels, and the most probable trend. After reading this, you'll know how to plan your next moves without searching for messy analyses everywhere!

The current daily close is 2231, breaking below the EMA15 moving average at 2297. Support levels at EMA30 at 2260 and EMA60 at 2249 are also at risk, indicating a short-term weak trend. The MACD red histogram continues to shrink, DIF is turning downward and approaching the DEA line, showing that bullish momentum is clearly weakening. The Bollinger Band middle band at 2315 is a strong resistance, and the price is currently below the middle band. The lower band at 2209 provides short-term support; if broken, it will likely retest the 2150 level.

The 4-hour chart has broken below EMA15, 30, and 60, forming a short-term downward arrangement. The EMA120 at 2288 has been broken, signaling a bearish outlook. The MACD green histogram is expanding, and DIF and DEA have formed a death cross and continue downward, releasing bearish momentum. The Bollinger Band lower band around 2232 offers temporary support, but the opening is downward, and the price is moving along the lower band. Short-term rebound resistance is near the middle band at 2307. If it cannot return to this level, the downward trend will continue.

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

Support below at 2200 to 2210, stop-loss at 2170, target at 2265 to 2285

Resistance above at 2275 to 2285, shorting with stop-loss at 2315, target at 2225 to 2200, if broken, then 2170

The current market is bearish, prioritize shorting on rebounds. Long positions are only suitable for short-term trading, be sure to set stop-losses, control position sizes, and avoid blindly heavy positions. $ETH ‌#加密市场小幅下跌