4.18 Ethereum Market Analysis and Layout Points

The 4-hour level shows that the price is fluctuating between 1573-1616, forming multiple upper and lower shadows, indicating a tug-of-war in the market.

MACD is in the negative zone at both the 4-hour and 1-hour levels, with the DIF and DEA lines close together, indicating a weak short-term trend, but no obvious downward momentum has formed.

RSI is in the 40-50 range at both the 4-hour and 1-hour levels, in a neutral to weak state, and has not entered the overbought or oversold zones.

EMA7, EMA30, and EMA120 are all showing a bearish arrangement at the 4-hour and 1-hour levels, with short-term moving averages below long-term lines, indicating an overall bearish trend.

In terms of trading volume, the volume at the 4-hour level has increased during recent fluctuations, especially when the price is declining, indicating strong bearish force. The 1-hour level volume has decreased during price rebounds, indicating insufficient bullish force and a lack of sustained upward momentum in the market.

Strategy reference points:

Long entry point one: Around 1550

Reason: Integer support + previous low (there is buying interest in the range of 1538.07 to 1563.2). EMA120 is moving down in the short term but may still provide a buffer at this price level.

Long entry point two: Around 1525

Reason: A stronger psychological support area, close to the lowest point of April 16 around 1538, and below the current key integer level of 1550, which can attract larger buying interest. After the bearish momentum exhausts, a rebound could be expected.

Long stop-loss point: 1515

Reason: 10 USDT below entry point two (less than half of 1%), to prevent losses from expanding after a false breakdown. At the same time, this area is at the lower end of the recent strong support zone.

Short point one: Around 1595

Reason: EMA30 (1596), EMA7 (1584) resistance + short positions accumulating below the integer level of 1600, with a high probability of short-term bulls taking profits.

Short point two: Around 1615

Reason: Previous high of 1616 shows obvious resistance. The trend is still bearish; if it does not break through, it will form a double top structure. The MACD fast line is close to the zero axis, indicating a potential correction risk.

Short stop-loss point: Around 1625

Sell point 10 USDT (slightly over half of a 1% interval), to avoid being trapped by a false breakout. The resistance of the previous high at 1650 is strengthened, which can serve as a logical stop-loss defense line.

The above views are for reference only and do not constitute investment advice. !#以太坊