April 11 Early Morning ETH Market Analysis

ETH synchronized with BTC to form a V-shaped reversal pattern, with the price rapidly rising from around 2230, reaching a high of 2255.50, strongly breaking through the previous consolidation upper boundary. The bullish momentum is fully released, market sentiment quickly recovers from gloom, and the current price stabilizes above 2249. Trading volume significantly increases along with the rebound, indicating clear signs of capital entering the market. On the 15-minute chart, ETH also shows a golden cross where MA7 crosses above MA30, with moving averages turning upward to form bullish support. The price quickly moves along the short-term moving averages, Bollinger Bands expand upward, MACD red histogram continues to grow, and RSI enters the overbought zone, indicating a clear bullish trend technically. The short-term correction trend has been completely reversed, and the market continues to oscillate upward in the early morning. Watch for a breakout above the resistance levels of 2260-2280; if successfully broken, a push to higher levels is expected.

ETH Trading Strategy: Go long near 2230-2240, target 2260-2280, stop loss below 2220