4.13 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum yesterday also failed to hold above 2300 after breaking through, short-term retraced within the day, gains mostly wiped out, currently the retracement has exceeded 100 points, and the market has returned to the previous oscillation range.
On the 4-hour chart, a long lower shadow appeared near 2180, indicating short-term buying support at this level, and the current price is around 2200.
The daily chart has closed three consecutive bearish candles, and the 2200 level has been tested repeatedly.
In terms of indicators, the 4-hour MACD just formed a death cross and is diverging downward, and the red column on the daily chart is also shrinking, indicating a bearish trend and a pullback.
Currently, the price is fluctuating around the 5-day moving average, with bulls and bears in a stalemate.
In the short term, after the retracement, a consolidation phase is highly likely.
So before breaking the level, my simple idea is: buy high, sell low.
First, watch the resistance at 2278, support at 2160, then 2130.
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4.13 Ethereum short-term reference:
Range between 2245-2285,
defense at 2410,
target below 2200,
support at 2130-2170,
defense at 2070,
target above 2200.
Delay in sending the signals, strategy suggestions are for reference only, market changes rapidly, no matter how confident you are in your market judgment, always set stop-loss and take-profit orders to secure gains.