📣 Ethereum short positions can continue to be held, target level below 1550 📉

Many friends likely followed the operations with short positions set around 1680-1700 yesterday, yielding an 80-point profit, perfectly exiting with gains. At the same time, those who still hold part of their positions or are still in the market need not worry; the target level of 1550 will definitely be reached, so just hold patiently!

【Analysis of Ethereum price trend from a 4-hour perspective】

Candlestick pattern:

Recently, the price has been fluctuating within the range of 1600 to 1650, forming a consolidation pattern. A long lower shadow is visible on the daily chart, indicating buy support at lower levels.

Technical indicators:

MACD: The 4-hour MACD is in positive territory, but the histogram is shortening, indicating weakening upward momentum.

RSI: The RSI is hovering around 50, not entering overbought or oversold territory, suggesting a neutral market sentiment.

EMA: Both the EMA7 and EMA30 are crossing upwards, indicating a bullish short-term trend; however, the EMA120 is still above the current price, indicating long-term pressure.

Trading volume:

The trading volume in the 4-hour timeframe has increased, showing a rise in market activity. The daily trading volume is relatively stable, with no significant signs of expansion or contraction.

Evening Ethereum steady profit arrangement on 4/15:

It is recommended to enter short positions in the 1640-1660 range (aggressive traders can enter at the current price), with target levels of 1600-1580-1550!

For rebounds, consider adding to short positions near 1690, with target levels of 1630-1580-1500.

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