April 11 Early Morning ETH Market Analysis

ETH followed BTC in a synchronized surge to reach a peak of 2258, then experienced a pullback and consolidation. The current price is around 2239.5. The bullish momentum has weakened after the surge, entering a high-level oscillation and correction phase. Market sentiment has shifted from excitement to caution, with prices repeatedly competing near short-term moving averages. The 7-period MA on the 15-minute chart has flattened and turned downward; the price has broken below the short-term MA, while the 30-period MA remains upward, providing support. Trading volume has continued to shrink after the rally, indicating a lack of strong buying interest. The Bollinger Bands are opening upward, with the price falling back toward the middle band. The RSI has retreated from the overbought zone, and the KDJ has formed a death cross at high levels, signaling a short-term pullback. Overall, ETH's bullish trend remains intact, with early morning mainly showing high-level consolidation. Watch the support levels below; if support holds, a rebound may continue. If broken, ETH will follow BTC into a correction.

ETH Trading Suggestions: Buy near 2210-2220, target 2250-2260, stop loss below 2195; Sell near 2255-2265, target 2225-2215, stop loss above 2280.