4.19 Crypto Circle Mr. Coin: Ethereum (ETH)) market analysis reference, current price around 2320. First, look at the big picture trend—on the daily chart! The price is still within an upward channel. The Bollinger middle band has not been broken down yet, but note that the KDJ has already formed a death cross at a high level. Also, the candlesticks have fallen back from the high at 2463—this clearly indicates heavy sell pressure at higher levels. Bullish momentum has already started to weaken.

Right now is the retracement phase; it’s not yet the time to turn outright bearish, but you absolutely cannot blindly chase longs! Next, look at the 4-hour chart. The medium-term trend has already weakened! The price has directly broken below the Bollinger middle band. MACD has formed a death cross, and the green histogram bars are expanding. The bears are now in control!

However, the good news is that RSI has dropped to the edge of oversold. KDJ is also staying at low levels. So a technical rebound in the short term is definitely coming, but don’t get too excited too early. This is very likely a repair/correction during a downtrend, not a reversal!

To regain strength, it must get you back above 2400. If it can’t, then all rebounds are just opportunities for you to short!

Now look at the 1-hour chart. In the short term, the bears have completely gone on the rampage! The price has broken below the Bollinger lower band. MACD green histogram bars are still there, but they have already begun to shrink. KDJ has also turned up from low levels, and oversold signals have appeared. Over the next 1–2 days, there’s a high probability of a weak rebound, but the resistance overhead at 2360–2400 is a hurdle—going up is difficult, and going down is easier!

In the short term, the trend remains range-bound and bearish overall. For rebounds, watch 2400 as the suppression level. For support, look at 2250–2200. If it holds, the daily chart still has a chance for bullish momentum. If it breaks, it will enter a pattern of drifting lower.

For trading, the recommendation is mainly to short on rebounds. Follow Mr. Coin to get real-time market analysis.

4.19 Ethereum short-term reference: the range is 2385–2335, with 2470 as the defense level. The target is below 2300. Support is in the 2250–2200 range, with 2150 as the defense level, and the target is above 2300. Message sending has a delay. Strategy suggestions are for reference only. The market changes rapidly. No matter how accurate your market judgment is, make sure to set take-profit and stop-loss properly. Let profits run and stay safe.

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