4.9 Crypto Circle Mr. Coin: Ethereum (ETH)) Market Analysis Reference Ethereum's intraday trend is similar to the overall market, with slightly larger declines. The price repeatedly rebounded above 2230 but failed to stabilize, leading to a strong pullback. Currently, it is trading near 2185. The intraday trend remains within a range, and the support at around 2130 has not been broken, so it is advised not to blindly chase short positions. On the short-term hourly chart, a long upper shadow bearish candle appeared at the 4-hour level (April 8, 20:00), indicating selling pressure above 2250. The daily candles for two consecutive days show long lower shadows, forming strong support around 2130. MACD: The 4-hour DIF(36.9) remains above DEA(31.11), but the histogram is shrinking. The daily chart shows a first red MACD histogram after a golden cross. EMA: Price broke below the 4-hour EMA7(2202.21), testing EMA30(2141.05). The daily chart has stabilized above EMA30(2107.22). If the price can break through the short-term resistance at 2280, there is potential to challenge higher intraday levels. Conversely, if the upward movement is blocked in the short term, a pullback to support levels is expected. Currently, the market leans downward, and traders are advised to follow the trend. The key support below is at 2130. Our trading approach remains unchanged: focus on rebounds for trading, and stay tuned for real-time analysis from Coin Mr. Ethereum short-term reference for 4.9: Range between 2265-2305, with a stop loss at 2480, target below 2210, within 2130-2070, with a 50-point stop loss, and aiming for above 2200. Delay in sending signals may occur. Strategy suggestions are for reference only. Market is highly volatile; regardless of confidence in market judgment, always set proper take-profit and stop-loss orders to secure profits.