$ETH 📊 April 30 ETH Latest Strategy & Analysis

ETH:
After rebounding from around 2218.82, the current 15-minute price is under pressure below the middle band of the Bollinger Bands, with short-term bearish momentum dominating. The Bollinger Bands are contracting, and the price continues to fall under the resistance of the middle band, which is at 2258.16, with the upper band at 2278.07 forming step-like resistance and support; MACD indicators DIF=-2.04, DEA=0.07, MACD=-4.21, with green bars steadily increasing, indicating that bearish momentum is gradually releasing. Volume is mildly increasing during the pullback, with selling pressure dominating the short-term market.
📉 Bearish Logic:
Above 2255-2260 is a strong intraday resistance zone. The price rebounds in this area are hindered by the middle band of the Bollinger Bands and previous rebound highs, making it difficult for the rebound to reverse the overall weak downward trend. If the price cannot effectively stay above 2260, the middle band of the Bollinger Bands, it is likely to continue downward. The first target is 2230; if broken, it may test the 2220-2210 range. In extreme cases, it could test the previous low support at 2200.
⚠️ Risk Warning:
If the price re-breaks above the upper band at 2278.07 and MACD shows a bullish divergence with volume continuing to increase, the bearish trend could quickly reverse. Be alert for a rebound to the 2290-2300 range, and strictly set stop-losses to avoid trend reversal risks.
🎯 Main Strategy: Bearish bias
• Short entry zone: 2250-2255
• First target: 2230
• Second target: 2210
• Stop-loss level: 2275