April 13 Ethereum Analysis



From the 1-hour chart perspective, the current bearish trend is clearly dominant, with prices in a weak downward channel. The Bollinger Bands are opening downward, with the midline at 2200.44 forming a strong resistance. Prices repeatedly bounce off the midline but quickly fall back, indicating strong selling pressure above and that the bulls are unable to break through. The lower band at 2179.02 temporarily provides short-term support, but this support is clearly insufficient, and the previous low at 2173.00 has become a key bearish target.

The KD indicator has formed a death cross and is moving downward, with K at 58.61 and D at 58.50, indicating ongoing bearish momentum. The bullish rebound lacks effective energy. The overall trend shows a weak oscillation pattern, with weak and unsustainable rebounds; every rally is an opportunity to short.

Trading suggestion: Short between 2230-2260, with targets at 2150-2100.
BTC-1,03%
GT-0,6%
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