$ETH 📊 April 30 ETH Latest Strategy & Analysis

ETH:
After bottoming out and rebounding from around 2218.82, the current 15-minute price is trading below the middle band of the Bollinger Bands, with short-term bearish momentum holding the advantage. The Bollinger Bands are contracting. The price continues to fall under pressure from the middle band, and the middle band at 2258.16 and the upper band at 2278.07 form step-like resistance and support; MACD shows DIF=-2.04, DEA=0.07, and MACD=-4.21, with green histogram bars continuing to expand, indicating that bearish momentum is gradually releasing. During the pullback, volume is modestly increasing, and sell-side pressure dominates the short-term market.
📉 Bearish Logic:
The range 2255-2260 above is a strong intraday resistance zone. When the price rebounds into this area, it faces dual pressure from the Bollinger Bands’ middle band and the prior rebound high, making it difficult for the rebound to change the weak downward trend. If the price cannot effectively hold above the Bollinger Bands’ middle band at 2260, the subsequent move is likely to continue lower. First, look for the 2230 target. After a break, it may test the 2220-2210 range; in extreme cases, it could test the 2200 support from the previous low.
⚠️ Risk Warning:
If the price breaks back above the Bollinger Bands’ upper band at 2278.07, and MACD shows a bottom divergence while volume continues to expand, the bearish trend could quickly reverse. Be alert for a rebound into the 2290-2300 range. Set stop-losses strictly to avoid the risk of a trend reversal.
🎯 Main Strategy: Bearish
• Short entry zone: 2250-2255
• First target: 2230
• Second target: 2210
• Stop-loss: 2275