Coin Sea Wave: 4.16 Ethereum ( ETH ) Latest Market Analysis and Insights for Tonight, Reference Only

Coin Sea Wave: 4.16 Ethereum (ETH ) Market Analysis Reference:
Ethereum once again surged then retreated, on the daily chart Ethereum's current price is around 2330, EMA moving averages are in a bullish arrangement, the price is operating along short-term averages, and the medium-term trend is bullish; but after encountering resistance near the previous high of 2416, it closed with consecutive down candles, and the upward momentum is weakening. The MACD indicator's DIF and DEA are still above the zero line, the histogram shortens, and the bullish strength gradually diminishes; RSI's three lines are turning downward, RSI1 has fallen to around 62, indicating the overbought condition is easing; KDJ's J line is turning downward, the three lines are converging, and short-term oscillation and adjustment continue. The Bollinger Bands show the price is below the upper band, which is acting as resistance, with the upper band pressing down on the price, and the EMA7 below providing key support. Overall, the medium-term upward trend on the daily chart remains intact, but in the short term, the price has entered a high-level oscillation and adjustment phase, and caution is needed for a pullback to confirm support.
On the 4-hour chart, after reaching the high of 2416, the price oscillated and retreated, currently around 2330, Bollinger Bands are narrowing, the price has fallen from the upper band back to the middle band, indicating short-term bearishness. The MACD's DIF has crossed below DEA to form a death cross, indicating bearish momentum is releasing; RSI's three lines have fallen into the 50-60 range, retreating from overbought levels, with insufficient bullish momentum; KDJ's three lines are diverging downward, with the J line entering a weak zone, suggesting a short-term correction is needed. Although the EMA moving averages are still in a bullish arrangement, the price has broken below the short-term EMA7, with immediate support at EMA15 (2328) and EMA20 (2318). Overall, the 4-hour level is in a correction cycle after an upward move, mainly oscillating and adjusting in the short term, attention should be paid to support levels and buying strength. The overall trend structure remains intact, and this correction may be a healthy accumulation phase, with potential for further upward movement later.
Coin Sea Wave: 4.16 Ethereum Short-term Reference:
Short positions: short in the 2430-2400 range, stop loss 30 points, target 2360-2320,
Long positions: long in the 2300-2330 range, stop loss 30 points, target 2350-2400,
The article's delivery is delayed, personal opinion only, for reference, do not operate blindly! Hope everyone can adhere to their principles on the investment journey, regardless of how the market changes, stay rational and calm. #美伊局势和谈与增兵博弈 #美股创下历史新高 $ETH $BTC