$ETH

《2025.4.22：ETH》

Ethereum surged and then retreated yesterday, still oscillating in the range of 1700~1380.

Due to multiple instances of surges followed by retreats and breakouts, caution is particularly needed when going long as it approaches the upper limit of the range.

Conservative traders should wait for a breakout above the 30-day moving average before entering (stabilizing above 1720).

Bitcoin is expected to follow the rise of gold, but with ETH we can only see it following the collapse of the US stock market.

ETH reflects more of a fintech attribute, and its safe-haven property may be difficult to reach a consensus on.

From a technical perspective, it appears to be a low-volatility, trendless sideways market, with very low bullish momentum and no obvious rebound sentiment.

Ethereum is expected to need more time to consolidate, and long positions should be protected at 1380, guarding against price following a breakout in the US stock market.