Crypto Circle Academician: Is an Ethereum Ascending Channel Forming on April 28? The Resistance Level at the Critical Point of Change Will Determine Future Trends! Latest Market Analysis Reference
Ethereum's current price is 1800, it is now 1:30 AM Beijing time, the 1850 defensive replenishment point has been reached, and falling below 1800 to take profit is also a helpless move, as the second coin has repeatedly shown signs of selling after breaking previous highs, which does not rule out a one-sided market. The bullish trend has formed a rising flag pattern, and doing short trades in this bullish trend may lead to counter-trend trades. Therefore, to be prudent, it is acceptable to first secure the chips in hand and take a profit of 40 points.
The daily K-line reached a high of 1860 and a low of 1780, the EMA trend indicator at a higher level is still bearish. The short-term adjustment is contracting, especially as the EMA15 and 30 have contracted to around 1720 and are still being stretched upwards. The MACD has been continuously reducing its volume, and the DIF had originally broken the 0 line. However, the K-line has returned below 1800, and the bulls are facing resistance. The DIF and DEA are still maintaining a bullish trend upwards. The K-line is still oscillating below the upper Bollinger Band at 1840, so the overall trend is continuously impacting the upper resistance level, and one should be mentally prepared for a breakout.
The four-hour K-line has entered an ascending channel, with the bottom constantly being raised and the top resistance level also moving upwards. The EMA30 support has come to 1770, and the rising trendline resistance level is focused on 1870. The MACD shows a top divergence with reduced volume, indicating that bullish momentum is still present. The DIF and DEA are expanding downwards at high levels, and the Bollinger Band is oscillating at high levels. The upper band resistance level is focused on 1825, and the lower band support level is focused on 1760. Therefore, the entry points for long and short positions can be referenced, mainly focusing on going long at lower levels and paying attention to the resistance above 1850 for shorts.
Short-term Reference: Safety First, remember that the market is never 100% certain, so always set a stop loss. Safety first, small losses and big profits are the goal.
Northern trial entry point is from 1760 to 1740, with a defense at 1720, stop loss of 30 points, and target looking at 1800 to 1840, with a breakout looking at 1870.
Southern trial entry point is from 1850 to 1900, with a defense at 1950, stop loss of 30 points, and target looking at 1800 to 1750, with a breakout looking at 1700.
Specific operations should be based on real-time market data for more information.
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