4.28 Monday Afternoon Ethereum Latest Market Analysis
In the morning, we provided a long strategy. The real market perfectly matched our expectation of a pullback near the 1750 line. We seized the opportunity to enter long positions and captured a profit of 47 points before exiting. Ethereum experienced a pullback in the morning, stabilizing near the 1750 line and then rising to around 1810, where it oscillated for correction. Currently, the market is in a brief range-bound phase with little volatility. This afternoon, we still maintain the strategy of buying on pullbacks; aggressive traders may take small positions to test the long side, while conservative traders should continue to wait for pullback opportunities.
From the daily chart, Ethereum tested the daily MA60 moving average high point of 1860 yesterday. For short-term support, we focus on the MA10 moving average at 1730. The 4-hour chart continues to maintain yesterday's analysis, focusing on the MA256 moving average at the 1770 line. If it remains above 1770, the short-term outlook will still uphold high-level consolidation.
Trading Suggestion:
Ethereum in the 1750-1780 range, target 1880.
