4.19 Crypto Circle Mr. Coin: Ethereum (ETH)) market analysis reference, current price around 2320, first look at the big trend, on the daily chart! The price is still in an upward channel, the Bollinger middle band has not broken down, but note that KDJ has already formed a dead cross at high levels, and the candlestick is dropping from the high point of 2463, clearly showing heavy selling pressure at high levels, and bullish momentum has already started to weaken. Now it’s a retracement phase, not yet the time to turn bearish, but don’t look bullish blindly!

Looking at the 4-hour chart, the medium-term has already weakened! The price has directly broken below the Bollinger middle band, MACD has formed a dead cross with increasing green bars, and the bears are now dominant!
But good news is, RSI has already fallen to oversold levels, and KDJ is also at a low point, so a technical rebound is definitely coming in the short term. But don’t get too excited early; this is most likely a correction in a downward retracement, not a reversal!
To regain strength, it must break above 2400. If it can’t get above that, all rebounds are opportunities to short!
Looking at the 1-hour chart, the short-term bears are going crazy! The price has broken below the Bollinger lower band, MACD green bars are still there but starting to shrink, KDJ has turned from low levels, and oversold signals are appearing.
In the next 1-2 days, there’s a high probability of a weak rebound, but the resistance at 2360-2400 is a hurdle—hard to go up, easy to go down!
The short-term trend remains oscillating and biased downward, with resistance at 2400, and support at 2250-2200. If it holds, the daily bullish trend still has hope; if it breaks down, it will enter a downward decline mode!
Operationally, it’s recommended to mainly short on rebounds. Follow Mr. Coin for real-time market analysis.
4.19 Ethereum short-term reference: range between 2385-2335, with support at 2470, target below 2300, and support at 2250-2200, with defense at 2150, target above 2300.
The signal transmission has some delay; strategy suggestions are for reference only. The market changes rapidly. No matter how confident you are in your market judgment, always set stop-loss and take-profit orders to secure profits.
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