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$ETH Crypto Circle Academician: On 4.12, Ethereum's price and volume are cooperating well, the bullish trend continues, and the target is directly at the previous high! Latest market analysis and reference ideas
Ethereum is currently priced at 2260. To be honest, Ethereum rose from 1736 to 2260, and the retracement in the middle can shake out 90% of people. It's not that we don't understand the trend, but that we can't control ourselves: getting nervous and running at a slight rise, adding positions chaotically at a slight dip, ending up perfectly missing out. The hardest part of trading is not prediction, but maintaining the right mindset. We don't seek overnight riches, only making money we understand, using discipline to fight emotions, and gradually getting wealthier. If you want to walk steadily together, follow us, and we will supervise each other and improve together.
The daily K-line price has broken above all moving averages, forming a bullish arrangement, indicating a reversal of the medium-term downtrend, entering a sideways upward channel. MACD red bars continue to expand, bullish momentum remains stable, the middle band of Bollinger Bands at 2113 provides strong support, the upper band at 2280 is about to break through, the overall trend is bullish, but the price is near the upper Bollinger Band, indicating a short-term retracement is needed. However, this retracement does not change the medium-term upward pattern, with strong support below and limited downside space.
The four-hour price oscillates near the upper Bollinger Band, with a clear bullish trend, the moving average system is arranged in a bullish manner, MACD red bars persist, and bullish momentum is still present. But the price is at a high level, with a short-term retracement needed. The middle band of Bollinger Bands at 2214 provides strong support; if the retracement does not break below it, the upward trend will continue; if it falls below the middle band, it will enter a sideways adjustment. The current market is mainly oscillating with strength, and retracement is a good opportunity for low buying.
Short-term reference: (Actual trading data has been updated, details consult the author)
Support at 2220 to 2230, stop-loss at 2180, target at 2280 to 2300, break below targets 2350
If 2300 cannot hold, consider lightening positions and going south, stop-loss at 2320, target at 2260
Specific operations depend on real-time market data. For more information, consult the author. The article may have delays, so use it for reference only. Risk is on your own. #Gate现货衍生品双双冲进全球前三