📣Ethereum has reached 1550 today, it is recommended to continue short positions at high levels 📉
The profits from the short positions on Ethereum laid out yesterday are evident to all, and the precise prediction at the 1550 level allowed for a perfect exit at a 100-point low. Currently, the trend of Ethereum remains weak, and it is suggested to continue shorting at high levels!
【Analysis of Ethereum Price Trend from the Four-Hour Chart】
Candlestick Pattern:
Recently, the price has seen a pullback from high levels, forming a short-term downward trend. Between April 14 and 16, the price tested above 1600 multiple times but failed to break through effectively, indicating strong resistance.
Technical Indicators:
MACD: The current DIF and DEA are both negative, and the MACD histogram shows green bars, indicating that the market is in a bearish state, but there are signs of convergence.
RSI: The RSI value hovers around 45, not entering the overbought or oversold zones, showing that there are currently no extreme emotions in the market.
EMA: The price is currently below EMA7, EMA30, and EMA120, indicating that the short-term, medium-term, and long-term moving averages are all exerting pressure on the price.
Volume:
The trading volume in the 4-hour period has increased, especially during the price decline, indicating heavy selling pressure. The daily trading volume is relatively stable, with no significant signs of increasing or decreasing volume.
Evening Ethereum Robust Profit Layout on 4/16:
It is recommended to enter short positions around 1590-1610 for Ethereum, with target levels: 1570-1550-1500!
For rebounds, it is suggested to add to short positions at 1630, with target levels: 1580-1550-1520!
For free guidance on implementing strategies, click on the avatar to follow the homepage introduction. I hope more people can learn the ability to make money through me, see opportunities for profit, and genuinely achieve the desired returns! Let’s dance with the market together! #币安Alpha上新 #巨鲸动向 #币安投票上币 #比特币 #以太坊ETF批准预期 $BTC $ETH
