Ethereum Market Analysis and Strategy on April 14

Market Review

Today, Ethereum rebounded after fluctuations, breaking new highs. In the afternoon, it surpassed the resistance level of 4730 when it approached the middle track for nearly an hour, reaching around 4800, and then retraced to stabilize at the support level of 4700, with strong bottom support.

Evening Outlook

If it does not pull back to the range of 4700-4650, the probability of further short-term rise is high.

Operation Suggestions

• Long Position: Layout in the range of 4690-4710, stop loss below 4640-4660, target 4780-4800, if broken, look at 4840-4850.

• Short Position: Enter lightly in the range of 4800-4850 if it hasn't broken through (must be combined with real-time market conditions).

Currently, the long and short battle is fierce; keep a close eye on support and resistance levels to seize volatility opportunities!