4.19 Ethereum Market Analysis and Layout Points.
K-line Pattern:
The 4-hour level shows that the price fluctuates between 1595 and 1613, forming a slight upward channel, but has not been able to break through the previous high of 1616, with pressure above. The 1-hour level shows that the price fluctuates between 1590 and 1605, with several small bullish candles occurring recently, but no obvious trend has formed, remaining in a consolidation state.
Technical Indicators:
MACD: The 4-hour level MACD histogram has turned from negative to positive, with the DIF and DEA lines approaching a golden cross, indicating a possible short-term rebound. The 1-hour level MACD histogram remains positive, but the slopes of the DIF and DEA lines are gentle, indicating insufficient momentum.
RSI: The 4-hour level RSI hovers around 50, not entering the overbought or oversold zones, indicating neutral market sentiment. The 1-hour level RSI fluctuates around 55, with slight bullish dominance in the short term.
EMA: The 4-hour level price fluctuates between EMA7 (1593) and EMA30 (1595), while EMA120 (1678) is far above the current price, indicating a long-term bearish trend. The 1-hour level price oscillates between EMA7 (1597) and EMA30 (1592), with EMA120 (1596) close to the current price, indicating an unclear short-term trend.
Trading Volume:
The 4-hour level trading volume fluctuates between 24000 and 40000, with no significant increase in volume. Market participation is relatively low. The 1-hour level trading volume fluctuates between 5000 and 12000, with a slight increase in recent trading volume but no obvious trend, as the market still lacks direction.
Strategy Point References:
Go long on Ethereum at 1570-1585, stop loss at 1560.
Go short at 1615-1630, stop loss at 1640.
The above views are for reference only! They do not constitute investment advice. #以太坊