4.25 Friday Afternoon Ethereum Latest Market Analysis
Although the actual trading in the afternoon did not reach our expected level, it rose steadily in the afternoon, touching a high near 1781. Friends who followed the strategy should have gained several points of space. The current market is oscillating around 1770, and we still maintain a low-long strategy in the afternoon, waiting for a retracement. For aggressive traders, a short-term small position can be tried for long.
From the current market perspective, bullish momentum is gradually recovering, and prices are slowly rising, hovering around 1780. On the hourly level, the Bollinger Bands price is tightly adhering to the upper band, and the two attempts to break through the upper band resistance have both failed. On the four-hour level, the price is above the middle band, which has strong support, and there are no signs of a significant decline in the short term. We continue to maintain a low-long strategy in the afternoon, waiting for an opportunity to enter on a retracement.
Trading Suggestions:
Ethereum in the 1700-1750 range, target 1850.