4.16 Evening ETH Market Analysis, Support and Resistance Levels, and Practical Trading Strategies Explained in One Go

ETH surged to 2346, and many traders are once again debating: Should I close my long positions? Can I still enter now? Actually, most of the confusion in the crypto world comes from not seeing the trend clearly or not being able to hold onto positions. Today, using daily and 4-hour charts, I will clarify the current market logic, key levels, and trading strategies for ETH. No fluff, only actionable insights. After reading, you'll know exactly how to proceed.

The daily candlestick successfully broke above multiple EMA lines, gradually establishing a bullish trend. The MACD red bars continue to grow, indicating dominant bullish momentum. DIF and DEA remain above the zero line and continue to rise, showing no signs of reversal; the Bollinger Bands have shifted from convergence to divergence, with prices approaching the upper band, indicating the daily upward trend is ongoing. Key support is near the middle Bollinger Band at 2190; as long as it holds, the bullish trend is unlikely to reverse.

The 4-hour moving average system remains in a bullish arrangement, with EMA15, EMA30, and EMA60 rising sequentially, supporting levels moving higher. Although the MACD red bars have slightly decreased in size, they still stay above the zero line, and DIF and DEA have not formed a death cross, so bullish momentum remains intact. The Bollinger Bands are opening upward, with prices near the upper band. Short-term resistance is around 2440, while support is at 2200. The current trend has a high probability of continuing upward, with room for further gains.

Evening North-South Entry References

Northbound: 2320-2325, stop loss at 2295, target 2365-2390

Southbound: 2390-2410, stop loss at 2420, target 2340-2315