4.12 Crypto Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

After Ethereum has adjusted over the past two days, the price has broken through the key resistance at 2270. The market continues its upward breakout and rebound. Currently, the price is near 2310.

Recently, Ethereum’s price action has been fairly volatile. In the short term, the trend remains a choppy upward consolidation. In the 4-hour timeframe, there have been consecutive bullish candles recently breaking above the 2300 psychological level. The price reached a high of 2329, then pulled back slightly, forming a short-term top structure.

On the daily timeframe, a V-shaped reversal has appeared: the price rebounded strongly from the low of 2157 to 2329. It is now testing the prior high resistance area at 2350-2380.

MACD: On the 4-hour timeframe, DIF) crosses above DEA(27.11), and the histogram continues to expand. On the daily timeframe, after the golden cross, the gap between the fast and slow lines is widening.

EMA: The price is above EMA7(2256), EMA30(2201), and EMA120(2131), and the EMAs are in a bullish alignment. When the 4-hour timeframe breaks out, trading volume significantly increases; during pullbacks, volume visibly contracts. On the daily timeframe, over the last three days, volume has been increasing in a stepwise manner.

So, fellow coin friends: as long as the key levels are not broken, it is not recommended to blindly chase after rallies or panic-sell into sell-offs. Therefore, our short-term approach is: on pullbacks, go long only.

Support to watch is around 2250 and 2220. If price retraces and gives an entry opportunity, go long.

The main upside resistance to watch is near 2380, the previous high. Watch Mr. Coin analyze the market in real time.

4.12 Ethereum short-term reference:
2335-2385 range, with defense at 2410, target below 2280.
2230-2170 range, with defense at 2140, target above 2250.

Message delivery is delayed. Strategy advice is for reference only. The market can change in an instant. No matter how confident you are in your judgment, make sure to set your take-profit and stop-loss orders. Let profits be realized.

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