4.16 Crypto Expert: Ether (ETH)) Market Analysis Reference for Ether Day Trading

Ethereum’s intraday price has recently been tightly oscillating within the range of 2310 to 2360. In the early hours of the day, a K-line candle closed at 2348—a small bullish candle with both upper and lower wicks. At this position, both bulls and bears are still fighting fiercely.

On the daily timeframe, on April 15, a long lower-shadow hammer candle formed, with the low pushing down to 2301.58. After that, there were two consecutive days of rebound, which indicates that the 2300 integer level truly has relatively strong buy orders propping it up.

As for indicators: on the four-hour timeframe, the MACD’s DIF has just crossed above the DEA, and the histogram has flipped red—short-term cycles have produced a strength signal. However, on the daily timeframe, the MACD is currently at 48.21, and there are signs of a top divergence. This signal needs to be watched carefully.

Regarding moving averages, the current price of 2348 is holding above the EMA7 at 2332, and the short-term trend remains fairly good. But the price is already quite far from the EMA30 at 2280 and the EMA120 at 2180; the divergence rate is relatively large, which means there could be pressure to revert back to the moving averages at any time.

Overall, support below at 2300 is clear, but the risk of chasing highs above is also not small. In the short term, it remains relatively bullish, and most likely will continue with range-bound consolidation and a choppy setup.

For execution, the suggestion is to buy on dips and sell on bounces (buy the high and sell the low). For upside resistance, focus on whether 2380 breaks through, and then watch the 2430 area. For downside support, watch 2300 first, and then around 2270. Follow Crypto Expert—I'll analyze the market for you in real time.

4.16 Ethereum short-term reference:
Range: 2385–2435; defense at 2470; target below 2350.
Range: 2250–23000; defense at 2170; target above 2340.
Message sending has delays; the strategy suggestions are for reference only. The market can change in an instant—no matter how confident your grasp of the situation is, make sure you place your take-profit and stop-loss properly. Lock in profits and be safe.

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