Crypto Ocean Surfing: 4.16 Ethereum in the Crypto Circle (ETH) Latest Market Analysis and Insights for Tonight

Crypto Ocean Surfing: 4.16 Ethereum (ETH) Market Analysis Reference:
Ethereum surges again then pulls back, on the daily chart Ethereum's current price is around 2330, EMA moving averages are in a bullish arrangement, the price is supported by short-term moving averages, and the medium-term trend is bullish; but after encountering resistance near the previous high of 2416, it continues to close lower, and the upward momentum weakens. The MACD indicator's DIF and DEA are still above the zero line, with decreasing histogram bars, indicating the bullish strength is gradually waning; RSI's three lines are turning downward, with RSI1 falling back to around 62, easing the overbought condition; KDJ's J line is turning downward, with the three lines converging, indicating ongoing short-term oscillation and correction. The Bollinger Bands show the price below the upper band, which acts as resistance, with the lower EMA7 serving as a key support. Overall, the medium-term upward trend on the daily chart remains intact, but in the short term, the price has entered a high-level consolidation phase, so caution is advised for a pullback to confirm support.
On the 4-hour chart, after reaching the high of 2416, the price oscillated and pulled back, currently around 2330. The Bollinger Bands are narrowing, with the price falling from the upper band toward the middle band, indicating short-term bearishness. The MACD's DIF has crossed below DEA, forming a death cross, releasing bearish momentum; RSI's three lines have fallen back into the 50-60 range, retreating from overbought levels, with insufficient bullish momentum; KDJ's three lines are diverging downward, with the J line entering a weak zone, indicating a short-term need for correction. Although the EMA moving averages are still in a bullish arrangement, the price has broken below the short-term EMA7, with immediate supports at EMA15 (2328) and EMA20 (2318). Overall, the 4-hour timeframe is in a correction cycle after an upward move, mainly oscillating and adjusting in the short term, so attention should be paid to support levels for absorption. The overall trend structure remains intact, and this correction may be a healthy buildup, with potential for another upward move in the future.
Crypto Ocean Surfing: 4.16 Short-term Reference for Ethereum:
Short position: Short in the 2430-2400 range, stop loss 30 points, target 2360-2320,
Long position: Long in the 2300-2330 range, stop loss 30 points, target 2350-2400,
There may be delays in article delivery. These are personal opinions and for reference only. Do not operate blindly! I hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and stay rational and calm. #美伊局势和谈与增兵博弈 #美股创下历史新高 $ETH $BTC