Detailed analysis of Ethereum trends and suggestions for sound trading strategies (April 30th):

On the 4-hour chart, the price has broken below the Bollinger Band middle line and the lower edge of the recent consolidation range. The MACD histogram is shortening, and the KDJ indicator has formed a death cross, indicating that short-term bearish forces are dominant. It is highly likely that the price will continue to test the support around 2230 near the lower Bollinger Band. If the 2230 support holds, a slight rebound is possible; if it breaks below 2230, the next support level is in the 2173-2200 range. Analysis of Ethereum indicators on the 4-hour chart: Bollinger Bands (MID): 2282.23, Upper Band (UP): 2334.09, Lower Band (LOW): 2230.37. Interpretation: The price has broken below the Bollinger Band middle line and is approaching the lower band, indicating a weak short-term trend. The Bollinger Bands are slightly narrowing, suggesting a higher probability of a downward consolidation. MACD indicator: DIF: 4.81, DEA: 0.02, MACD histogram: 9.66, red bars. Interpretation: The DIF is still above the DEA, but the red bars have shortened significantly, and the DIF shows signs of turning downwards, indicating that the bullish momentum is rapidly weakening, and there is a risk of a death cross forming in the short term. KDJ indicator: K: 30.48, D: 33.25, J: 24.95. Interpretation: The K line has fallen below the D line, and the value is in the weak range between 20 and 50. The J line has also turned downwards, indicating that it is in a weak adjustment in the short term, and no obvious oversold signal has yet appeared. Ethereum trading strategy reference: Short position strategy: It is recommended to enter a short position in Ethereum around 2260-2280, with a target price of 2230-2200. If it falls below 2200, continue to hold the short position. Manage your profit margin yourself. Stop loss point: 2320! Strategies are time-sensitive; implementation of strategies is mainly based on free guidance!