$ETH 📊 April 16th Latest Strategy & Analysis

ETH 🌐：
Price has strongly rebounded from a low of 2306.42, reaching a high of 2385.11 before entering a high-level consolidation. Currently, the 15-minute chart shows the price stabilizing around 2358.99. The Bollinger Bands are expanding then narrowing, with the price moving around the middle band at 2356.82. The lower band at 2345.94 provides strong support, while the upper band at 2367.71 acts as short-term resistance;
The MACD indicator's DIF and DEA remain in a golden cross and are turning downward. The red histogram is shrinking, indicating waning momentum. The bullish strength is slowing down, with volume remaining moderate. In the short term, the market shows high-level oscillation and intensified battle between bulls and bears, but the bulls still hold some dominance.
📈 Bullish Logic:
The support zone below 2340-2350 is strong intraday. When the price retraces to this area, it is likely to be supported by the lower Bollinger Band at 2345.94 and the MA30 at 2358.13, making a sustained pullback unlikely. If the price increases with volume and breaks above the upper band at 2367.71, the upward trend is likely to continue. The first resistance is at 2390; breaking through that could lead to a target of 2400-2420. In extreme cases, it may test the key resistance at 2450.
⚠️ Risk Warning:
If the price fails to break above 2367.71 and the MACD forms a death cross while volume continues to shrink, the bullish trend could reverse quickly. Be alert for a potential decline back to the 2320-2300 range, and strictly set stop-losses to avoid trend reversal risks.
🎯 Main Strategy: Slightly Bullish
• Long Entry Range: 2345-2355
• First Target: 2390
• Second Target: 2410
• Stop-Loss: 2330