📊 April 23rd ETH Latest Strategy & Analysis

ETH🌐:
Price has fallen from the high of 2423.00 under pressure, currently on the 15-minute chart, breaking below the middle band of the Bollinger Bands, with the lowest touching around 2347, showing a short-term unidirectional bearish trend. The Bollinger Bands are widening continuously, with the price weakly moving along the lower band, the middle band at 2370.91 and the MA7 at 2355.91 forming a stepped resistance; MACD indicators DIF=-11.26, DEA=-9.17, MACD=-4.18, with the green bars expanding and operating below the zero line, indicating ongoing bearish momentum. Trading volume is shrinking in tandem, with selling pressure dominating the market.
📉 Bearish Logic:
The area between 2360-2370 above is a strong intraday resistance zone. The price rebounding in this area is under double suppression from the middle Bollinger Band and the previous breakdown platform, making it difficult for the rebound to change the bearish trend. If the price cannot stabilize above 2370, it is likely to continue downward, with the first target at 2340, and if broken, it could test the 2320-2310 range. In extreme cases, it may test the previous low support at 2300.
⚠️ Risk Warning:
If the price re-establishes above the MA7 at 2355.91 and MACD shows bullish divergence with volume increasing, the bearish trend could quickly reverse. Be alert for a rebound to the 2390-2410 range, and strictly set stop-losses to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bearish
• Entry Range: 2355-2365
• First Target: 2340
• Second Target: 2320
• Stop-Loss: 2375