Wave Through the Sea of Coins: Ethereum (ETH) Market Analysis Reference for 4.18:

Ethereum experienced a strong surge last night, breaking through recent highs, but then pulled back around the high of 2464. The day-to-day market continues to show a downward trend. Observing from the daily chart, Ethereum forms a retracement bearish candle, with the price retreating from the high, yet still remains above the EMA7 moving average. The overall bullish structure has not been destroyed; it is just that the short-term rising momentum has slowed. From the indicators, the MACD histogram has shortened, the DIF line is still above the DEA line, but the upward momentum has noticeably weakened; both the RSI and KDJ indicators have turned downward synchronously, entering a normal retracement range, without showing extreme bearish signals. Currently, this is a healthy pullback after a rise, and attention should be paid to the support at the EMA15 moving average below; as long as it does not effectively break down, the daily level will still maintain a sideways bullish pattern, with a possibility of testing the previous high again.

The 4-hour level of Ethereum has clearly entered a short-term correction, with prices breaking below the middle band of the Bollinger Bands and also losing support from short-cycle moving averages like EMA7 and EMA15, shifting the short-term trend from strong to weak. The MACD indicator has transitioned from positive to negative, forming a dead cross between the fast and slow lines, with bearish momentum continuously released; the RSI has fallen below the 50 neutral line, and after the KDJ dead cross, it continues to move downward, presenting a clear bearish signal overall. The current first support is located at the lower band of the Bollinger Bands; if this support holds, the market might see a phase of stabilization and rebound. It is not recommended to blindly chase short positions; it is safer to wait for a pullback to support and stabilize before considering long positions.

Wave Through the Sea of Coins: Short-term Reference for Ethereum on 4.18:

Short Position: Short in the range of 2440-2400, stop loss at 30 points, target at 2370-2330,

Long Position: Long in the range of 2300-2340, defend at 2220, target at 2350-2400,

【The above analysis and strategy are for reference only. Please bear the risk yourself. The article may have delays in review and publication, and the strategies may not be timely. Do not operate blindly】

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