$ETH Crypto Circle Academician: On April 16th, Ethereum's four-hour bullish alignment remains intact. Is a pullback a good opportunity for low-cost entry? Latest market analysis and trading suggestions

Ethereum's current price is 2350. Honestly, recently Ethereum's trend has been more stable than Bitcoin. Stop stubbornly holding high-position short orders. When the trend just turns upward, don’t go against the market. Keep your position lighter, set good stop-losses, and don’t always think about going all-in to catch the full move. Taking some profits and then exiting is also fine. The market isn’t short of opportunities; what’s missing are those who stay alive to wait for them. Don’t let one impulsive move wipe out all your previous profits.

The daily chart is in a rebound and recovery phase. The EMA15 and EMA30 moving averages have formed a golden cross upward, and the price has stabilized above the short-term moving averages, indicating the trend has shifted from weak to strong. The MACD red bars are continuing to expand, and DIF and DEA are operating above the zero line, showing bullish momentum is gradually releasing. The middle band of the Bollinger Bands is turning upward, and after the price retraced to the middle band, it quickly surged again, indicating strong support below. In the short term, the market is likely to continue oscillating upward.

The four-hour ETH chart has formed a standard ascending channel. The price is steadily rising based on the EMA15 line, with each pullback to the moving average quickly recovered, showing a healthy bullish rhythm. Although the MACD red bars are shrinking, they are still above the zero line, with no obvious bearish signals. The upper Bollinger Band has been tested multiple times, and the current price is near the upper band. There may be a slight retracement to gather strength in the short term, but the overall upward trend remains intact. Pullbacks are opportunities for low-cost entries.

Short-term reference: (Practical data has been updated. For details, consult the author)

Buy on the lower side at 2290 to 2310, stop-loss at 2250, target 2365 to 2400, if broken, look for 2440
Sell on the upper side at 2400 to 2420, stop-loss at 2460, target 2350 to 2300, if broken, look for 2280

Specific operations depend on real-time market data. For more information, contact the author. The article may have some delay in publication; for reference only, risk is on your own.