Wednesday, April 23, 2025

On the Ethereum side, we updated our strategy in the early morning, looking bullish around 1750 and 1800. Overnight, the coin price reached a high of around 1780, and the daily candle directly broke through the EMA30 trend resistance level. After yesterday's rebound, the coin price has not shown any signs of retracement!

Currently, the daily candle has broken through the long-standing mid-band suppression. Although the price has retreated after testing the upper band, it has not fallen back below the mid-band, and there are signs of establishing support above the mid-band.

In the 4-hour chart, the MACD has been continuously increasing, and the DIF and DEA diffusion have not yet exited the energy indicators. This indicates that the upward trend has not ended. Therefore, in terms of strategy, it is safer to continue entering long positions after a pullback halts!

For operations, I personally suggest that if Ethereum pulls back to around 1700 and can hold, one may continue to go long, targeting the 1800 - 1830 area! $BTC #加密市场反弹