Detailed analysis of Ethereum trends and suggestions for sound trading strategies (April 23rd):

Ethereum is strongly bearish in the short term. The price has broken below key support, with large sell orders from major players causing a significant technical downturn. Four-hour Ethereum technical analysis: BOLL (Bollinger Bands) Pattern: The price has broken below the middle band (MID, 2338.03) and is currently trading below it. Trend: The upper Bollinger Band (UP) is turning downwards, and the lower band (LOW) is widening rapidly, indicating increased short-term downward momentum and a break below the key psychological level of 2400. MACD (Moving Average Convergence Divergence) Histogram: The green histogram bars are significantly lengthening, indicating that bearish forces are in complete control and the momentum is strengthening. Fast and Slow Lines: DIF (7.86) crosses below DEA (7.86), forming a death cross and diverging downwards. The MACD value is -2.42, below the zero line, confirming a weak trend. KDJ (Stochastic Oscillator) Values: K (40.86), D (57.52), J (7.54). Pattern: The J-value has broken below the low zone, and all three lines are diverging downwards simultaneously. Although it is in oversold territory, there are no signs of a reversal or upward turn in the short term, suggesting further downside potential. Ethereum Short-Term Trading Suggestions: (For reference only) Short Position Strategy: Short positions are recommended at 2320-2340, with a target price of 2300-2270. Profit targets are your own responsibility, and the stop-loss is at 2370! This strategy is time-sensitive; implementation will primarily rely on free guidance.