4.28 Monday Evening Ethereum Latest Market Analysis
Looking back at the afternoon long positions, they have perfectly realized with a continuous rise in the afternoon, reaching a high point around 1826, and then retreating under pressure to currently fluctuate around 1810, those who followed the strategy should have secured dozens of points. In the evening, we still maintain the long strategy, aggressive traders can try a small position to go long now, while conservative traders should wait for a pullback opportunity to layout further.
Based on the current market situation, the four-hour level shows a series of upward candles reaching the upper band of the Bollinger Bands. After a brief pullback earlier, the market is welcoming a second peak. All levels of moving averages are showing a clear upward trend, and the overall trend is positive, with trading volume also increasing. An increase in trading volume is often accompanied by a rise in prices. From the one-hour level, the market shows a series of upward candles breaking through the upper band of the Bollinger Bands. The overall trend is still firmly controlled by the bulls, but currently, the price increase has slowed down, and the KDJ indicator has all three lines entering the overbought zone. Therefore, in the evening operations, unless the price breaks through the previous high, we still maintain the idea of low buying after a pullback.
Trading Suggestions:
Ethereum 1730-1780 long, target 1900.
