Crypto Circle Academician: On April 23, Ethereum ETH moves in tandem with BTC to hit new highs! Daily K-line sets the direction, 4-hour gives entry points, ready to act after reading? Latest market analysis and trading suggestions
Ethereum's current price is 2397, and ETH's rebound is completely following BTC, with very strong correlation. When BTC drops, ETH gets panicked more than anyone. It has just broken above a key resistance level, don’t be fooled by small bullish candles; pulling back to buy low is the way to go, and be sure to set stop-losses. Don’t think missing this wave means no more opportunities; the market never lacks chances. Safety first, locking in profits is the real gain!
From the daily K-line, ETH is currently in a rebound and recovery phase, the price has broken above short-term moving averages but is still suppressed by the EMA60, and the medium-term trend has not fully reversed. The MACD golden cross has just formed, the red histogram is very short, and the upward momentum is still in its infancy, with doubts about its sustainability. The middle band of the Bollinger Bands has just been broken through, with the upper band around 2470 still a strong resistance, limiting the rebound space. The current price is below the previous high, and volume has not increased in sync, indicating a potential divergence between volume and price, making chasing high very risky.
Looking at the 4-hour cycle, ETH is in a high-level oscillation with a slight bullish bias. The price is oscillating upward supported by the EMA15, but the MACD red histogram is starting to shorten, DIF and DEA are leveling off at high levels, and the upward momentum is clearly weakening, showing a preliminary bearish divergence. The Bollinger Bands are beginning to narrow, and the price repeatedly tests near the upper band, with selling pressure increasing above. Short-term pullback demand is building, making chasing high less cost-effective, and lower buy-in during pullbacks is safer.
Short-term reference: (For practical data, contact the author for details)
Buy in at 2360 to 2380, stop-loss at 2330, target 2430 to 2480
Sell at 2430 to 2450, stop-loss at 2470, target 2380 to 2350
Currently, ETH is a typical follow-the-market rebound, rising depends on BTC, falling faster than anyone. The risk of chasing high at the top far exceeds the reward. Don’t think missing this wave means no more chances; the market always offers opportunities. Regardless of bullish or bearish, always set a stop-loss. Don’t hold through the pain; once BTC pulls back, ETH will fall irrationally! $ETH #比特币反弹
