$ETH 4.27 Morning Analysis of Two Cakes

The current trend of two cakes shows that the bullish momentum continues to weaken, with insufficient volume support, and a lack of effective backing for short-term price increases. From the indicators, the RSI has broken through the 80 level, indicating an extreme overbought condition, while the KDJ indicator shows a high-level death cross, compounded by the upper Bollinger Band resistance, signaling a sharp increase in the risk of price correction. The short-term bearish strength may gradually dominate.

Operational Suggestions: Focus on the key resistance zone of 1840-1850. If the price shows signs of stagnation in this area (such as long upper shadow candlesticks, bearish engulfing patterns, or a sudden drop in trading volume), it is advised to take light positions for short selling. Set a stop loss above 1855, with the first target at 1820 and the second target at 1800 to securely capture correction wave profits. When operating, be sure to strictly control your position size to guard against sudden market volatility risks. Wishing everyone a quick resolution of their positions!