4.22 Ethereum Market Analysis and Layout Points

K-Line Pattern:

The 4-hour level shows that the price has quickly risen from 1579.22 to around 1639, forming a clear upward trend, and the latest K-line closing price is close to the high point, indicating strong buying pressure. The 1-hour level is oscillating within the range of 1625.36 to 1633.49, forming a short-term consolidation pattern, but overall it is still in an upward channel.

Technical Indicators:

The MACD at the 4-hour level shows both DIF and DEA are positive, and the MACD histogram continues to expand, indicating increased upward momentum.

The RSI at the 4-hour level is 57.3, close to the overbought zone but not entered, showing that there is still room for price increase in the market.

EMA7 at the 4-hour level has crossed above EMA30 and EMA120, forming a bullish arrangement, further confirming the upward trend.

Trading Volume:

At the 4-hour level, the trading volume significantly increased during the price rise, especially during the upward phase from 1579.22 to 1619.21, indicating active buying participation.

At the 1-hour level, the trading volume has decreased within the consolidation range of 1625.36 to 1633.49, showing that the market is waiting for further direction confirmation.

Strategy Point References:

Go long at 1590-1610

Stop loss at 1570

Go short at 1650-1670

Stop loss at 1685

The above views are for reference only and do not constitute investment advice!