📣 Ethereum's trend is weak, how to grasp steady returns to recover losses in the future!

Due to the impact of Trump's tariffs on the world, Bitcoin has collapsed in the indices. BTC moves simultaneously with the stock market, and the decline in stocks has caused leading cryptocurrencies to plummet. Meanwhile, Ethereum, which has been in a weak trend, has been deeply affected by this, with significant downward space.

【Analysis of Ethereum's four-hour price trend】

Candlestick pattern:

Recently, the price has shown a clear downward trend, especially with a significant correction on April 6 and 7. In the 4-hour cycle, a series of long bearish candles have formed, indicating strong selling pressure.

Technical indicators:

MACD has continuously remained in the negative zone on the 4-hour cycle, and the fast and slow lines diverge downward, indicating that the current market is in a bearish trend.

RSI is near the oversold area in the 4-hour cycle but has not yet entered an extreme oversold state, suggesting there may be a short-term rebound demand.

The EMA moving average system shows that the short-term EMA (7) has fallen below the long-term EMA (30, 120), confirming the current downward trend. The price is currently below all major EMA moving averages, further verifying the weak market.

Trading volume:

On April 6 and 7, trading volume significantly increased, accompanied by a sharp decline in prices, indicating strong selling pressure. On the daily cycle, trading volume gradually expanded from April 5 to 7, supporting the rapid downward trend in prices.

Evening of 4/7 Ethereum steady profit layout: (long first, then short)

Long first: Suggest entering long positions around 1480-1490, target points: 1520-1540.

Then short: Suggest entering short positions around 1560, target points: 1510-1480-1450.

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