Crypto Circle Academician: Is Ethereum consolidating at a high on April 30 while the main forces are secretly laying out strategies? Are institutions setting traps? How should retail investors decide? Latest market analysis reference
Current price of Ethereum is 1820, and it's currently 2:30 AM Beijing time. A short position around 1830 has been closed, leaving only about 20 points of space. The market has shown changes, and there has been a rapid exchange of chips. Additionally, with the 10th anniversary celebration of 'Second Cake', positive news has been continuously stimulating the market, but the price has not yet broken the previous high; this is abnormal for the overall market. Safety first, it’s better to step back and observe, waiting for key points to re-enter the market.
The daily K-line has a maximum of 1842 and a minimum of 1786. The EMA30 and EMA15 are getting closer together, and after they completely overlap, the market may either stretch or the main force may take this opportunity to sell. The MACD has been continuously decreasing in volume, and the downward trend in volume shows that the market is likely to enter a consolidation phase again. Pay attention to the resistance point at the upper Bollinger Band at 1875, with the middle support at 1670. The larger trend is biased towards bullish.
The four-hour K-line is consolidating at a high, with a slow rising trend. The main force's strategy of boiling frogs in warm water has not changed. EMA15 has provided support for the K-line for a long time. The MACD is continuously decreasing in volume, and both DIF and DEA are also contracting at a high level. Whether the divergence at the top can continue depends on whether the previous high can be broken. The Bollinger Band has been consolidating for a long time without breaking the range. The upper range is at 1833, and the lower range is at 1775. In principle, if the range is not broken, trade back and forth; if it breaks, stop loss and exit.
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 entry points: 1770 to 1750, with defense at 1730, stop loss at 30 points, target at 1800 to 1840, if broken, look at 1870.
Southern entry points: 1810 to 1850, with defense at 1850, stop loss at 30 points, target at 1800 to 1750, if broken, look at 1700.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the advice is for reference only. Risks are to be borne by yourself. $ETH