Detailed analysis of Ethereum trends and suggestions for sound trading strategies (April 12th):

On the 4-hour chart, after reaching a high of around 2314.95 at 00:00 on April 12th, the market experienced a series of large bearish candlesticks, especially at 08:00 and 20:00 on April 12th, with large bodies accompanied by a rapid price decline, indicating strong selling pressure and a clear downward shift in the price center. On the 1-day chart, a large bearish candlestick formed on April 12th, with its closing price significantly lower than the opening price, almost completely engulfing the bullish candlestick of April 11th, forming a bearish engulfing pattern, indicating that bullish momentum is weakening and bears are in control. Technical indicators: MACD (4-hour): The DIF line has crossed below the DEA line, and the MACD histogram continues to expand below the zero axis, showing strong bearish momentum and a short-term bearish trend. RSI (4-hour): The RSI quickly fell from a high of 73.12 at 00:00 on April 12th to 44.65, breaking below the 50 midline, indicating that the market has shifted from strong to weak, but has not yet entered the oversold zone. EMA (4-hour): The latest price of 2180.21 has broken below the short-term moving average EMA7 (2219.35) and the medium-term moving average EMA30 (2205.26), which are currently acting as resistance. Although the EMA7 is still higher than the EMA30, the rapid downward movement indicates that the short-term upward momentum has weakened and turned downward. The price is approaching the long-term moving average EMA120 (2137.25), which may provide support. Ethereum Trading Recommendation: Short Position: It is recommended to enter a short position near 2190, with a target price of 2160-2130 and a stop loss at 2230! This strategy is time-sensitive; implementation will be based on free guidance.