$ETH 4.27 Morning Analysis of Two Pancakes

The current trend of the two pancakes shows that bullish momentum continues to weaken, with insufficient volume support, and a lack of effective support for short-term price increases. From the indicators, the RSI has broken the 80 level, indicating an extreme overbought state, while the KDJ indicator has formed a death cross at a high position, combined with pressure from the upper Bollinger Band, indicating a sharp rise in the risk of price retracement. Short-term bearish forces may gradually take the lead.

Operational advice: 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 recommended to take light positions on short orders. Set the stop loss above 1855, with the first target at 1820 and the second target at 1800 to steadily capture retracement band profits. When operating, it is essential to strictly control the position size to guard against sudden market volatility risks.