4.22 Cryptocurrency Scholar: Ethereum is on fire! The short-term bullish trend isn't over yet, and after the surge there will definitely be surprises! Latest market analysis reference
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Current price of Ethereum is 1700, and it is now 2:30 AM Beijing time. Did everyone catch the short sell wave at 1650 yesterday? The article mentioned at the beginning not to rush to exit, because Ethereum tends to drop but not rise, and there is a high probability of breaking the 1560 support level. The daily K-line reached a low of 1535, and the space in between has exceeded 100 points. Congratulations to those who followed along; as for those who didn't catch the low short, it's not a loss, at least you profited from the high short.
Before the article was published, the daily K-line had a high of 1725 and a low of 1535. You can see that the K-line has reached the EMA30 trend resistance level, and there are no signs of a pullback yet. Instead, it is consolidating at the neckline, with MACD continuously increasing in volume. The DIF and DEA are expanding upward from a low position, plus the K-line has broken through the Bollinger Band midline resistance at 1623, starting to challenge the upper resistance at 1810. You can keep an eye on it; the short-term bullish trend isn't over yet. Wait for the consolidation after the rapid rise to determine the entry point.
The four-hour K-line has broken through the EMA trend indicator and is now at a high position. Pay attention to the EMA trend line support at 1655. If there is a pullback in the short term, you can choose to go long. The MACD is increasing in volume, and the DIF and DEA are still expanding without breaking out of the energy indicators, indicating that the stretch is not over. The Bollinger Band is opening up, and the K-line is currently standing above the upper track at 1685 after a pullback. You can refer to the downward trend line support at 1650; if the K-line pulls back to the trend line without breaking it, you can try a long position.
Short-term reference: Safety first, small losses and big profits are the goal.
Long position trial point from 1650 to 1630, with a stop-loss at 1600, risking 30 points, and targeting 1700 to 1750. If it breaks, aim for 1800.
Short position trial point from 1780 to 1810, with a stop-loss at 1840, risking 30 points, and targeting 1740 to 1700. If it breaks, aim for 1660.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. The publication of the article may be delayed; it is advised for reference only, and risks are borne by the reader. $ETH