Cryptocurrency Circle Academician: 4.14 Afternoon Market Observation: Ethereum Long Positions Profit Expanding, Key Defense Level Updated! Latest Market Analysis

Ethereum surged to 2374, should we chase now or wait for a pullback? Many people always hesitate before the market starts, chase after it begins, panic sell during pullbacks, and end up losing money with their mindset collapsing first. In fact, the cryptocurrency market is not that complicated; there is no need to listen to various rumors or gamble on luck. If you identify the trend correctly and guard key points well, you can avoid most pitfalls. Today, let’s break down Ethereum’s current market situation clearly, and after reading, you will know how to respond next.

The two-hour candlestick confirms an upward trend, with all EMA moving averages diverging upward, forming a solid support band. The MACD red bars maintain a high level, with momentum showing no obvious decay, and the DIF and DEA have not formed a death cross; the Bollinger Bands are opening upward, and prices are running along the upper band, indicating that the upward force is dominant. The key support level below is near EMA30 at 2250. As long as it does not break down, the upward trend will not easily reverse, and there is still upward space in the short term.

After the 15-minute candlestick started at 2156, it has followed a smooth upward trend and is currently consolidating at a high around 2374. The moving average system is still pointing upward, but the MACD red bars are continuously shrinking, and the DIF line shows signs of a turn, indicating insufficient upward momentum in the short term. The Bollinger Bands are currently in a tightening state, with the upper band at 2378 forming short-term resistance and the lower band at 2354 providing support. North-South is entering a short-term game phase, and the risk of a high pullback needs to be monitored.

The latest entry points are as follows:

Pullback at 2345-2355 for upward movement, stop loss at 2310, targeting 2390-2420; after a breakthrough, you can hold for higher positions.

Rebound at 2385-2395 meets resistance and moves south to 2420, targeting 2350-2330. The upward trend’s southward movement is only a short-term pullback game.

Many people always think of bottom-fishing and peak escaping; as a result, they neither caught the bottom nor escaped the peak, and instead reversed the trend. Just like the current situation, clearly, the big cycle is bullish, yet they always wait for a perfect pullback, and the higher they wait, the more they end up chasing, just to encounter a pullback. Don’t be greedy for perfect points, don’t struggle against the market, manage your stop losses well, and go with the trend. This is the long-term survival strategy in the cryptocurrency circle.

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