Detailed analysis of Ethereum trends and suggestions for sound trading strategies (April 29th):
The 4-hour chart shows a short-term bearish bias, with the price breaking below the Bollinger Band middle line and the MACD showing a bearish signal, but without extreme volume selling pressure. Analysis of the 4-hour Ethereum technical indicators: Bollinger Band Middle Line (MID): 2314.40, Upper Line (UP): 2380.03, Lower Line (LOW): 2248.77. The current price has broken below the middle line and is trading between the middle and lower lines, indicating a weak short-term trend. The Bollinger Bands are showing signs of narrowing, increasing the probability of consolidation. MACD: DIF: -12.15, DEA: 8.75, MACD histogram: -6.79. The DIF is below the DEA and the MACD histogram is green, indicating a bearish signal, but the green histogram has not expanded significantly, suggesting that the downward momentum is not extremely strong at the moment. KDJ: K: 34.58, D: 28.48, J: 46.77. Both K and D are in the weak zone below 50. The J line is turning upwards, indicating a short-term rebound demand, but a golden cross has not yet formed, raising doubts about the sustainability of the rebound. Key Support/Resistance: Support: Around 2256 (intraday low), around 2248 (lower Bollinger Band) Resistance: Around 2314 (middle Bollinger Band), around 2380 (upper Bollinger Band) Ethereum Trading Suggestions: Short Position Strategy: Short Ethereum is recommended around 2290-2300, with a target price of 2260-2230. Profit targets are your own discretion. Stop loss at 2340. This strategy is time-sensitive; implementation will primarily rely on free guidance.