Ethereum (ETH) Market Analysis Summary

I. Rebound and Trend

- Rebound Magnitude: The rebound from the current low point to the high point is about 34%, but there has been a technical pullback in the past two days.

- Bollinger Band Trend: Although it is above the middle band on the daily chart (current middle band support is about $1714), the upper, middle, and lower bands of the Bollinger Bands are all sloping downwards to the right, indicating an overall bearish trend.

II. Technical Indicator Signals

- KDJ Indicator: The J line shows overbought conditions, and the K and D lines are about to form a dead cross, facing a directional choice.

- MACD Indicator: A golden cross formed below the zero axis on April 17 (underwater), indicating weak bullish strength.

- Volume Performance: Trading volume is not significantly increasing, and market sentiment is cautious.

III. Price Range and Outlook

- Current Range: Maintaining a fluctuation in the range of $1492.66 - $2107.67.

- Key Levels: If it breaks below the daily middle band of Bollinger Bands ($1714), it may trigger a technical pullback; we need to be wary of the downside risk after the KDJ dead cross confirmation.

IV. Operational Suggestions

- Short-term focus on the support at the $1714 middle band; if it breaks below, consider taking a light position short, targeting the lower band around $1492.

- If it stabilizes above the middle band and volume supports it, a short-term long position may be attempted, but be cautious of trend resistance, and set a stop-loss below the middle band.

- Pay close attention to KDJ indicator trends and volume changes before the end of the month to avoid chasing highs and lows.