April 13, Monday, Mu Feng Ethereum Morning Analysis

The 1-hour timeframe shows that the bears are completely in control of the market, with the price deeply embedded in a weak downward channel, and the single-sided decline is clear. The Bollinger Bands are opening downward, with the midline at 2200.44 acting as a strong resistance level. The price repeatedly attempts to rebound but is met with resistance and falls back. The overhead selling pressure is dense, and the bulls' counterattack is weak. The lower band at 2179.02 provides support but is virtually ineffective, as the previous low of 2173.00 has become the core target for the bears' assault.

The KD indicator shows a death cross downward, with bearish momentum continuing to expand. Bullish rebounds are weak and lack sustainability, and the oscillation trend is clearly weakening. Every rally presents an excellent opportunity to short.

Trading idea: Short positions can be arranged in the 2230-2260 range, with targets around 2150-2100. Strict risk control and trading with the trend are advised.