4.11 CoinMaster: Ethereum (ETH)) Market Analysis

Referring to the daily movement, Ethereum also shows a rebound, currently trading around 2240, the bullish sentiment is gradually warming up. If it can break through the previous resistance level at 2275, the price may continue to test higher.
On the short-term hourly chart, the 4-hour indicator shows less optimistic conditions, just forming a long candle with an upper shadow, reaching 2258 then falling back.
Selling pressure at high short-term levels is very heavy. Although the daily line shows three consecutive bullish days, a close look reveals the 4-hour DIF has already crossed below DEA, indicating a dead cross.
The red MACD bar is also shortening, momentum is no longer following through.
Looking at volume, the 4-hour trading volume is only 16,000, clearly below recent averages, indicating the market is not enthusiastic.
Previously, on April 8, a pin candle reached 2176, with volume increasing to 210,000, showing some bottom fishing activity; however, the subsequent rebound volume decreased, indicating less desire to chase short-term gains.
Currently, the price remains above EMA7 (2213), with EMA30 at 2173, which is quite solid.
The short-term bullish structure is not fully broken, but repeated attempts to break higher have failed, so caution is advised regarding potential price declines and support levels.
Before the short-term movement pattern breaks, it is recommended not to rush into positions.
Daily movement tends to be sideways upward, so the main strategy is to wait for a downward correction to buy, and use rebounds to sell as a complement.
Resistance above is at 2280, 2310; support below is at 2160.
Monitor real-time market analysis from CoinMaster, short-term Ethereum analysis on 4.11: range 2255-2305, defense at 2480, target below 2210, in the range of 2160-2100 for buy positions, stop loss 50 points, target above 2200.
Delivery of strategies may experience delays. This advice is for reference only. The market is very dynamic.
Regardless of confidence level in the analysis, always set proper stop profit and stop loss to secure your positions.