Coin Sea Wave: 4.24 Cryptocurrency Market Ethereum ( ETH ) Latest Market Analysis and Insights for Today

Coin Sea Wave: 4.24 Ethereum (ETH ) Market Analysis Reference:
Ethereum continues to fluctuate downward, fully giving back its previous gains. From the daily chart perspective, Ethereum's price is currently supported near the middle of the Bollinger Bands and the EMA20 moving average. The MACD indicator's fast and slow lines are above the zero line and are converging, showing signs of a death cross, with the histogram continuously shrinking, indicating that bullish momentum is clearly weakening;
The RSI indicator has fallen from the previous high into the neutral zone, with upward momentum waning; the KDJ indicator is diverging downward, with short-term adjustment pressure still present. Overall, the upward trend on the daily chart has not been broken, but bullish momentum has significantly weakened, and the price is likely entering a consolidation phase. Future focus should be on the effectiveness of the 2270 support at the middle of the Bollinger Bands.
From the short-term hourly chart perspective, after facing resistance at the high point, the 4-hour price has pulled back and is now trading below the middle of the Bollinger Bands. The short-term moving averages EMA7 and EMA15 have formed a death cross, with clear resistance. The MACD indicator's DIF has crossed below DEA, forming a negative death cross, with bearish momentum releasing;
The RSI indicator has fallen below 50, indicating a bearish signal; the KDJ indicator is operating at low levels, in a weak zone. The current price is within a short-term correction channel, with initial resistance at the middle of the Bollinger Bands and EMA15. Support levels to watch below are the lower Bollinger Band at 2275 and the previous low near 2250. If support holds, the correction may continue the daily trend afterward.
Coin Sea Wave: 4.24 Ethereum Short-term Reference:
Short position: Short in the 2420-2370 range, stop loss 30 points, target 2350-2290,
Long position: Long in the 2250-2290 range, stop loss 30 points, target 2310-2370,
There may be delays in article delivery. These are personal opinions and for reference only. Do not operate blindly! Hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and stay rational and calm. #美伊二轮谈判进展 #Gate13周年现场直击 $ETH