4.8 Afternoon Ethereum ETH Steady at Key Resistance Level, Daily Bullish Alignment, Pullbacks Are Good Opportunities for Bottom Fishing! Latest Market Analysis Reference

Ethereum current price is 2240, hitting a new rebound high, but the risk of chasing highs at high levels is extremely high. The bulls and bears are entering a heated battle. From 1736 rebounding all the way to now, the increase is over 28%. While bullish momentum is strong, overbought signals are obvious, and a deep correction could happen at any time. Countless retail traders are frantically chasing highs, while professional traders have already taken partial profits to lock in gains. Actually, this is the most testing time for patience. Instead of frequently trading and chasing highs, it’s better to watch more and act less. Wait for the market to give clear signals before taking action, protect your principal, and then seize subsequent opportunities. Don’t be the bagholder at high levels.
The daily K-line shows ETH closing at 2242, up 0.14%. Although the price has broken above all moving averages and entered the overbought zone, the MACD red histogram momentum is beginning to weaken, indicating signs of waning bullish strength. The middle band of the Bollinger Bands at 2096 provides support, while the upper band at 2241 has been broken. The price is above the upper band, indicating a need for a correction. Overall, it’s in a rebound cycle but technically overextended. The reversal trend has not been fully established, so beware of sharp pullbacks. The strong support below is at 1736. The medium-term trend still needs observation; avoid blindly chasing longs.
The four-hour chart shows the price breaking above the Bollinger Band upper band, with short-term moving averages in a bullish alignment. The MACD has a golden cross with increasing red bars, indicating ample bullish momentum. However, the price is seriously overbought and strongly in need of a correction. The 30 MA is a key support; if it pulls back and breaks below, a deep correction will begin. The middle Bollinger Band at 2119 is a strong support, while the upper band at 2241 acts as resistance. The short-term trend is bullish, but sustainability is questionable. Wait for correction signals, avoid chasing highs, and do not blindly go long.
Afternoon Trading Ideas:
Northbound (buy) at 2180-2200, with a small position, stop-loss at 2150, target at 2250. Do not chase high.
Southbound (sell) at 2260-2270, with a stop-loss at 2290, target at 2220. If broken, look at 2200.
When the trend arrives, be brave to enter and hold. Trading is not a gamble but a complete system: entry, take profit, stop loss—each step interconnected. Many people get excited when they make money and collapse when they lose, never becoming stable profitable traders. What we need to do is hold heavy positions in the trend and lighten up during consolidation, always prioritizing risk management. Don’t be scared off by short-term pullbacks. In the main upward wave, every pullback is an entry opportunity. Hold your positions to capture the full profit segment. #加密市场回升 $ETH