Crypto Circle Academician: On April 25, Ethereum bulls face a crisis; if support and resistance aren't broken, we can trade back and forth! Latest market analysis reference

The introduction has been updated, thanks to new and old followers for your attention

　　Ethereum's current price is 1760, it is currently 3 AM Beijing time. Yesterday's real-time data showed a short at 1830, and the article provided a clear point that if it breaks below 1750, we should take profit and exit. Today's market has already moved; let's review whether it reached our target point as I expected. There was more than 80 points of space in between, enough for everyone to take a wave. Congratulations to the friends who followed along. Currently, the market price is 1730, which was the long entry point given yesterday.

　　Currently, the daily K-line has a high of 1802 and a low of 1720. The daily K-line broke the EMA30 for the first time and returned to the EMA30 support point at 1730, which is effective support. The EMA trend indicator is showing contraction, and the K-line has reached the upper Bollinger Band at 1800. If it wants to continue upward, we can only wait for the Bollinger Band to tilt upwards for that possibility; otherwise, Ethereum will behave similarly to before, following the decline without rising. The mid-band support to watch is 1620, and the MACD continues to expand with increased volume and K-line divergence downwards. The bulls need more chips to gain strength. If it doesn't drop in the short term, it can only move sideways around 1800.

　　The four-hour K-line returned to the EMA15 support point at 1740. The EMA trend indicator's upward alternating expansion is blocked, and the MACD's volume has ended and is starting to shrink. The DIF and DEA form a death cross downward at a high position. After the Bollinger Band opens and expands, the K-line fell to the mid-band support above 1715 and showed a rebound, indicating effective support. So in terms of range, we've found the top resistance around 1820 and the bottom support around 1720. This range is a box, and we expect to see a contraction in the box market. As long as support and resistance are not broken, we can trade back and forth.

　　 Short-term reference: Safety first. Remember that the market is never 100%, so always set a stop-loss. Safety first, small losses, big profits are the goal.

　　For a long position, try entry points from 1750 to 1730, with a defense at 1700, stop-loss at 30 points, target looking at 1800 to 1840, and if it breaks, look at 1870.

　　For a short position, try entry points from 1800 to 1830, with a defense at 1860, stop-loss at 30 points, target looking at 1750 to 1700, and if it breaks, look at 1675.

　　 Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; suggestions are for reference only, and risks are to be borne by yourself. $ETH