4.17 Crypto Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

Today’s ETH correction, many people are again shouting "top out, about to crash,"
Mr. Coin will directly break down multi-timeframe to clarify for you!
First, look at the daily chart, this wave from over 1900 up, the trend is not broken!
Price is steadily above the middle band of Bollinger Bands, MACD is still in the red column,
The bullish trend is still alive. This correction is just high-level consolidation and shakeout,
not a reversal signal! But! On the 4-hour chart, MACD has already formed a death cross,
the green column is emerging, and the upper Bollinger Band is starting to turn,
indicating that the momentum of the wave upward has significantly weakened,
likely to enter a period of sideways and weak correction,
bulls are temporarily out of power, bears are gaining short-term advantage!
Looking at the short-term, the 1-hour and 2-hour charts, KDJ has fallen into oversold zones,
MACD’s green column is also continuously shrinking,
showing that the downward momentum has been mostly released,
there’s a need for a short-term rebound and correction!
Especially on the 15-minute chart, the price has rebounded from the lower Bollinger Band,
MACD is about to form a golden cross, KDJ has also reached high levels,
indicating a short-term rebound wave, but the resistance at 2340-2360 is very heavy,
the rebound space is limited, most likely a "bounce then fall back"!
To summarize for brothers:
The medium-term trend is not broken, no need to panic,
the wave is entering correction, don’t blindly chase longs,
short-term has a rebound, but not a reversal,
resistance above is heavy, don’t hold heavy positions!
Key supports are at 2300 and 2280, holding these is a healthy correction,
if not, we look further down to 2200!
In this phase of multi-timeframe divergence, the most taboo is chasing highs and selling lows,
control your position size, set good stop-losses, don’t be carried away by market sentiment!
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4.17 Ethereum short-term reference:
Range 2375-2425, defend 2470, target below 23350,
2250-2300 range, defend 2170, target above 2340,
The message may have delays, strategy suggestions are for reference only,
markets change rapidly, no matter how confident you are in your judgment,
be sure to set take profit and stop loss, lock in gains. #GatePreIPOs首发SpaceX #Gate13周年现场直击 #山寨币强势反弹 $BTC $GT $ETH