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📣 Ethereum's long and short positions were firmly established yesterday. How should we proceed today❓

Trends truly have their ups and downs, experiencing a sharp decline followed by a surge and then another drop, with back-and-forth harvesting. If you don't sell in time, you'll be trapped. Currently, the daytime market remains relatively stable, but concerns linger about significant fluctuations when the US stock market opens. Yesterday, we provided perfect entry points for long and short strategies, which were successfully capitalized on, and the evening trading strategy will still focus on low longs!

【Analysis of Ethereum price trends from the four-hour chart】

K-line formation:

Recently, after significant price fluctuations, a correction has occurred, forming long upper and lower shadows, indicating market uncertainty. The large bearish candle on April 7 in the daily chart indicates strong selling pressure, while the small bullish candle on April 8 shows some rebound strength.

Technical indicators:

MACD remains in the negative zone, and the gap between the fast and slow lines is widening, indicating that the bearish trend is still evident but showing signs of weakening.

RSI is close to the oversold range (around 36), which may lead to a short-term rebound, but overall still leans towards weakness.

The EMA moving average system shows a bearish arrangement, with the short-term EMA (7) below the long-term EMA (30.120), indicating that the current price is in a declining trend.

Trading volume:

Trading volume has decreased in the 4-hour cycle, indicating reduced market participation and a strong wait-and-see sentiment. In the daily cycle, trading volume significantly increased between April 6 and April 7, accompanied by drastic price fluctuations, indicating frequent inflows and outflows of funds.

Evening Ethereum stable profit layout on 4/8:

It is recommended to enter long positions around 1550-1560 for Ethereum, with target points: 1600-1640. If the trend breaks and stabilizes above 1650, you can continue to hold!

Conversely, you can enter short positions around 1660-1680, with target points: 1600-1580-1550.

For free guidance on implementing strategies, click on the profile picture to follow the homepage introduction. I hope more people can learn the ability to make money through me, see opportunities to earn, and truly achieve the desired returns! Let's dance together with the market makers!